Published August 12, 2025
About This Audit
The compliance audit of the Meyersdale Borough Police Pension Plan for 2024, mandated by the Municipal Pension Plan Funding Standard and Recovery Act, affirmed that the plan was managed in line with state laws and local policies. The audit evaluated the accuracy of state aid and employer contributions, confirming they were appropriately executed and deposited. Employee contributions were waived, and no benefit calculations were necessary. The January 2023 actuarial valuation report was submitted timely, with data verified against source documents to maintain compliance. Meyersdale Borough contracted with an independent firm for annual financial audits. The audit concluded that the pension plan adhered to legal requirements and effective internal controls. This is an automated summary. Please rely on the contents included in the released audit report.