Penn Township Non-Uniformed Pension Plan – Snyder County – Audit Period January 1, 2022 to December 31, 2024

A compliance audit was conducted for the Penn Township Non-Uniformed Pension Plan for the period from January 1, 2022, to December 31, 2024, under the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to determine whether the pension plan was managed in accordance with state laws, regulations, contracts, and ordinances. Key findings include incorrect data on actuarial reports leading to underpayment of state aid, significant lapses like not appointing a Chief Administrative Officer, and non-adoption of a restated plan document by ordinance. Such findings emphasize the need for improved oversight and administrative prudence in managing pension plans. Additionally, despite the audit’s scope, it was not conducted under the strict Government Auditing Standards and therefore lacks full assurance. Township officials were cooperative during the audit, and discussions included suggested responses to these findings. This is an automated summary. Please rely on the contents included in the released audit report.