Published June 3, 2026
About This Audit
The compliance audit of the Old Forge Borough Police Pension Plan, conducted from January 1, 2021, to December 31, 2024, aimed to verify if prior audit recommendations were addressed and if the pension plan was compliant with relevant laws and policies. The audit, mandated by the Municipal Pension Plan Funding Standard and Recovery Act, found that while the plan was largely compliant, issues identified in previous audits remained unresolved. Specifically, the failure to deposit the full amount of state aid into the plan and the impact of excess benefits on state aid allocation were noted. These findings highlight ongoing noncompliance with earlier recommendations. Despite cooperation from borough officials, the audit underscored the need for timely corrective actions to align operations with audit recommendations. This is an automated summary. Please rely on the contents included in the released audit report.