Ridley Park Borough Non-Uniformed Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Ridley Park Borough Non-Uniformed Pension Plan was conducted to assess adherence to state laws and previous recommendations. The audit, not required to meet U.S. Government Auditing Standards, focused on ensuring corrective actions to past findings and verifying compliance with applicable laws and regulations. For certain periods between 2022 and 2024, state aid deposits, employer and employee contributions, and actuarial valuations were reviewed. The results indicated proper compliance with relevant requirements, and prior issues concerning record-keeping were resolved. The audit aligns with Act 205 and other Pennsylvania regulations, with the plan managed under the Pennsylvania Municipal Retirement System. The plan, which includes contributions from active members and the municipality, demonstrated a strong funding status with assets exceeding liabilities at each actuarial valuation. This is an automated summary. Please rely on the contents included in the released audit report.