Lower Gwynedd Township Non-Uniformed Employees Pension Plan – Montgomery County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Lower Gwynedd Township Non-Uniformed Employees Pension Plan, as mandated by the Municipal Pension Plan Funding Standard and Recovery Act. The audit, not adhering to Government Auditing Standards, examined compliance with state laws, regulations, and other local guidelines for the period January 1, 2023, to December 31, 2024. It revealed that the pension plan was generally compliant, with a significant exception: pension benefits amounting to $138,326 were improperly paid to a deceased individual from November 2021 to October 2024. The township has since implemented annual “proof of life” processes, discovered the error, halted the payments, and initiated repayment from the recipient’s daughter. The township now conducts annual death notice reviews to prevent similar issues. This is an automated summary. Please rely on the contents included in the released audit report.