Punxsutawney Borough Police Pension Plan – Jefferson County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Punxsutawney Borough Police Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, evaluated whether the plan adhered to relevant laws, regulations, and policies. The audit verified the proper determination and deposit of state aid, employer, and employee contributions, and confirmed that no benefit calculations were prepared for 2024. Additionally, it ensured that the actuarial valuation report met the required submission timeline for state aid participation. Borough officials were found responsible for maintaining compliance, and the audit concluded that the pension plan was administered in accordance with all applicable requirements. The accompanying supplementary information provides further analysis, though it was not audited. This audit confirms that the Punxsutawney Borough Police Pension Plan operated compliantly during the reviewed periods. This is an automated summary. Please rely on the contents included in the released audit report.