New Brighton Borough General Employees’ Pension Plan – Beaver County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the New Brighton Borough General Employees’ Pension Plan aimed to verify whether the plan adhered to relevant laws, regulations, contracts, and local policies for the period January 1, 2024, to December 31, 2024. Conducted by authority under Act 205, the audit reviewed the proper determination and timely deposit of state aid, employer contributions, employee contributions, and retirement benefits. It also evaluated the preparation of the actuarial valuation report. The audit concluded that the pension plan was administered in compliance with relevant requirements in all significant aspects. Additionally, borough officials demonstrated effective internal controls that aligned with compliance standards. Supplementary information in the report provides further analysis, though it was unaudited. The report thanked New Brighton Borough officials for their cooperation during the audit. This is an automated summary. Please rely on the contents included in the released audit report.