South Williamsport Borough Police Pension Plan – Lycoming County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the South Williamsport Borough Police Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act, aimed to ensure proper administration in line with relevant laws and regulations. The audit focused on whether municipal procedures followed recommendations from a previous report and adhered to legal standards. The audit covered January 1, 2023, to December 31, 2024, verifying state aid deposits, employer and retirement contributions, and compliance with the Deferred Retirement Option Plan provisions. Findings revealed compliance across most standards but noted an overpayment of state aid due to incorrect data on the Certification Form AG 385. This was attributed to a clerical error involving the misreporting of ineligible police officer data. Fortunately, the borough had largely addressed prior record-keeping issues. This audit assists in maintaining the integrity of the police pension plan administration. This is an automated summary. Please rely on the contents included in the released audit report.