Nazareth Borough Police Pension Plan – Northampton County – Audit Period Ended December 31, 2023

In March 2025, a compliance audit was conducted on the Nazareth Borough Police Pension Plan in Northampton County, Pennsylvania. The audit was carried out under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. Its primary goal was to assess whether the pension plan adhered to relevant state laws, regulations, contracts, and policies. The audit covered activities from January 1, 2023, to December 31, 2023. It revealed that while generally compliant, the municipality failed to deposit its full 2024 state aid allocation into the pension plan, risking future state aid withholding. As of the audit, only $62,294 of a $142,149 allocation was deposited. The report recommends the municipality deposit the remaining $79,855 with interest and improve procedures to ensure future compliance. Management agreed with the recommendations and pledged corrective actions for subsequent audits. Compliance with these recommendations will be monitored.