Midway Borough Non-Uniformed Pension Plan – Washington County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Midway Borough Non-Uniformed Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act to ensure compliance with applicable state laws and regulations. The audit covered the period from January 1, 2023, to December 31, 2024, evaluating state aid calculations, employer contributions, and retirement benefits. It confirmed that Midway Borough took corrective action on a previous recommendation and that the pension plan was administered in compliance with relevant statutes and local policies. The plan is governed by local ordinances and other state provisions, with the municipality contributing 4.5% of compensation to the plan, which had two active members as of December 31, 2024. In summary, the audit concluded the Midway Borough pension plan was compliant with state requirements. This is an automated summary. Please rely on the contents included in the released audit report.