Somerset Township Non-Uniformed Employees’ Pension Plan – Washington County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Somerset Township Non-Uniformed Employees’ Pension Plan in Washington County, Pennsylvania, was conducted in accordance with the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit aimed to ensure the pension plan’s compliance with state laws, regulations, and policies from January 1, 2020, to December 31, 2024. Key focus areas included state aid and employer contributions, employee contributions, and retirement benefits. The findings revealed overall compliance except for an improper in-service distribution provision in the plan’s adoption agreement, which allowed distributions to active members upon reaching 59½ without auditor approval. The auditors recommend removing this provision and obtaining the necessary approvals for any amendments. This is an automated summary. Please rely on the contents included in the released audit report.