Published June 24, 2026
About This Audit
A compliance audit of the Saxonburg Borough Police Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit examined whether past corrective actions were taken and if the plan was managed according to applicable laws, regulations, and policies. For the period from January 1, 2024, to December 31, 2025, the audit found proper deposit of state aid and employer contributions, with no required employee contributions. It confirmed retirement benefits were correctly calculated and distributed. The January 1, 2025 actuarial report was submitted on time and met Act 205 requirements. Overall, the police pension plan was administered in compliance with relevant laws and standards. The report, discussed with Saxonburg Borough officials, concludes positively about compliance, thanking borough officials for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.
