Published August 5, 2025
About This Audit
A compliance audit was conducted on the Norwood Borough Police Pension Plan in Delaware County, Pennsylvania, to assess its adherence to state laws, regulations, and local policies. The audit, mandated by the Municipal Pension Plan Funding Standard and Recovery Act, aimed to verify if previous findings were addressed and if the pension plan was properly managed. The audit noted that while the plan was generally compliant, Norwood Borough again failed to fully pay the Minimum Municipal Obligation (MMO), a repeat issue from prior reports. Despite efforts to correct other deficiencies, the borough has not settled an outstanding balance dating back to 2013. Corrective actions were partially successful, as the unauthorized “killed in service” benefit was removed. The report underlines the need for the borough to address the unpaid MMO to meet the full compliance requirements set by Act 205. This is an automated summary. Please rely on the contents included in the released audit report.