Published January 27, 2026
About This Audit
The Shippingport Borough Police Pension Plan underwent a compliance audit to assess whether corrective actions had been implemented from a previous audit and to ensure compliance with relevant laws and policies. The audit, covering periods from 2020 to 2024, found issues similar to previous audits, such as incorrect data on Certification Form AG 385, leading to an underpayment of state aid, failure to deposit the full amount of state aid, and not fully meeting the Minimum Municipal Obligation. Steps included reviewing compliance with state aid and financial requirements, though benefit calculations weren’t prepared in the last assessed period. While the plan is part of the Pennsylvania Municipal Retirement System, its operations were not evaluated in this audit. Corrective recommendations are proposed to address these compliance issues. This is an automated summary. Please rely on the contents included in the released audit report.