Penn Township Non-Uniformed Pension Plan – Clearfield County – Audit Period January 1, 2021 to December 31, 2024

A compliance audit was conducted on the Penn Township Non-Uniformed Pension Plan in Clearfield County, Pennsylvania, covering January 1, 2021 to December 31, 2024. The audit assessed compliance with applicable state laws and regulations. Key findings included a failure to fund a member’s account in 2023 and an improper amendment of the plan’s ordinance by resolution. The township did not contribute to a newly hired employee’s account, which violates the plan’s requirements and necessitates back payment with interest. Additionally, a pension plan document was improperly amended by resolution rather than by ordinance, as required by law. The township officials agreed with the findings, and compliance will be reviewed in the next audit. Overall, the plan was found to be in compliance except for these noted issues, which were discussed with township officials. This is an automated summary. Please rely on the contents included in the released audit report.