Pringle Borough Non-Uniformed Pension Plan – Luzerne County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of the Pringle Borough Non-Uniformed Pension Plan was conducted to ensure compliance with state laws, regulations, and local policies, as mandated by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The objectives were to verify corrective actions from a prior report and ensure proper administration of the pension plan. The audit confirmed compliance, except for a noted failure to deposit the full state aid into the pension plan. The borough had not deposited all allocated state aid for 2022 and 2024, leaving $891 undeposited in the general fund. Recommendations included depositing the remaining state aid with interest into the pension plan and implementing procedures to ensure timely future deposits. The report highlighted concerns over the plan’s declining funded ratio, stressing the need for monitoring to maintain financial stability. The audit findings and recommendations were discussed and accepted by municipal officials. This is an automated summary. Please rely on the contents included in the released audit report.