Mercersburg Borough Police Pension Plan – Franklin County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Mercersburg Borough Police Pension Plan, conducted by the Auditor General, aimed to assess whether municipal officials had corrected the issues identified in a prior report and if the pension plan was managed according to state laws and policies. Covering the period from January 1, 2023, to December 31, 2024, the audit ensured state aid was properly received and that employer contributions matched legal requirements. It confirmed no employee contributions were required and that benefit calculations were properly waived. The audit noted that the January 1, 2023, actuarial valuation report complied with deadlines and accuracy standards under Act 205. The audit concluded that the pension plan was compliant with relevant regulations, maintaining effective internal controls. Although the accompanying financial statements were audited separately, borough officials cooperated well. This is an automated summary. Please rely on the contents included in the released audit report.