Pocono Township Police Pension Plan – Monroe County – Audit Period January 1, 2020 to December 31, 2023

An audit of the Pocono Township Police Pension Plan covering January 1, 2020, to December 31, 2023, was conducted based on the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess whether officials addressed past report findings and if the pension plan adhered to laws and policies. It evaluated state aid deposits, contribution calculations, retirement benefits, and compliance with act requirements like the Deferred Retirement Option Plan (DROP). The audit showed general compliance except for repeated errors in data certification on Form AG 385, causing incorrect state aid amounts. This finding remained unaddressed despite being highlighted previously, urging action. The township’s failure to meet the recommendation resulted from a turnover in officials and lack of sufficient internal controls. Township officials discussed the report, and cooperation from Pocono Township was acknowledged during the audit process.