Slippery Rock Township Non-Uniformed Pension Plan – Butler County – Audit Period Ended December 31, 2023

A compliance audit of the Slippery Rock Township Non-Uniformed Pension Plan was performed to assess adherence to state laws, regulations, contracts, administrative procedures, and local ordinances as dictated by the Municipal Pension Plan Funding Standard and Recovery Act. The audit covered the year 2023, examining state aid deposits, employer and employee contributions, retirement benefit calculations, and actuarial valuation reports for compliance with Act 205 and other regulations. Slippery Rock Township participates in the Pennsylvania Municipal Retirement System and is governed by multiple legislative acts including Act 15, with active member contributions set at 3.5% of compensation. Results indicated the pension plan was managed in compliance with relevant laws and policies. The audit did not conform to Government Auditing Standards, and expressed no opinion on the Pennsylvania Municipal Retirement System’s financial statements. Township officials cooperated with the audit process, and supplementary information provided was not audited. The plan shows strong funding, indicating financial strength.