Ridgway Township Non-Uniformed Pension Plan – Elk County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit was conducted on the Ridgway Township Non-Uniformed Pension Plan under the authority of the Municipal Pension Plan Funding Standard and Recovery Act 205. The audit aimed to ascertain whether municipal officials had addressed previous findings and ensured the pension plan’s administration complied with state laws, regulations, and policies. For the period from January 1, 2024, to December 31, 2025, the audit verified proper determination and deposition of state aid, employer and employee contributions, and legitimate retirement benefits allocation. Participation in the Pennsylvania Municipal Retirement System was noted, and while PMRS’s financial statements were not part of the audit, the township’s administrative compliance was confirmed with no significant issues detected. Supplementary unaudited information on funding progress was provided, revealing a strong funding status with a high percentage of assets over liabilities. The report was discussed with Ridgway Township officials, incorporating their responses. This is an automated summary. Please rely on the contents included in the released audit report.