Parks Township Police Pension Plan – Armstrong County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit on the Parks Township Police Pension Plan, conducted under Act 205 of 1984, aimed to check corrective actions from a prior report and assess compliance with relevant laws and regulations. The audit covered the period from January 1, 2024, to December 31, 2025. Key audit areas included proper deposit of state aid, calculation and deposit of municipal contributions, reliance on the plan’s regulations for employees’ contributions which were not required, accurate calculation of retirement benefits, and submission of the actuarial valuation report. The audit concluded that the plan was generally administered correctly, but there was an issue with awarding a professional services contract inconsistently with Act 205 provisions. This finding highlighted inadequate procedures for selecting a new actuarial service provider, lacking required disclosures and compliance checks. This is an automated summary. Please rely on the contents included in the released audit report.