Orangeville Area Police Board Pension Plan – Columbia County – Audit Period January 1, 2021 to December 31, 2022

A compliance audit was conducted on the former Orangeville Area Police Board Pension Plan for January 1, 2021, to December 31, 2022, under the Municipal Pension Plan Funding Standard and Recovery Act. The objectives were to confirm if prior audit recommendations were followed and ensure the pension plan adhered to applicable laws, regulations, and policies. The audit confirmed full compliance, with no employee contributions required or benefit calculations prepared during the period. Furthermore, the audit verified the accuracy of actuarial valuation reports and state aid deposits, and ensured transfers were properly managed. Following the dissolution of the Orangeville Area Police Board on December 31, 2022, responsibility for the pension plan shifted to Orange Township. This audit was the final review of the plan, which had a good funding status but showed a decline in the funded ratio over time.