Sharon Hill Borough Police Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit for the Sharon Hill Borough Non-Uniformed Union Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess the administration of the pension plan to ensure it complied with applicable state laws and policies. Covering the period from January 1 to December 31, 2024, the audit confirmed proper handling of state aid deposits, employer contributions, and other administrative actions. Notably, no employee contributions or benefit calculations were needed during this period. The report indicated the pension plan’s compliance with legal and contractual provisions. It also highlighted the participation of employees, hired after January 1, 2014, in a multi-employer pension plan governed by ERISA. This is an automated summary. Please rely on the contents included in the released audit report.