Steelton Borough Non-Uniformed Pension Plan – Dauphin County – Audit Period Ended December 31, 2023

A compliance audit of the Steelton Borough Non-Uniformed Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to ensure the pension plan’s compliance with state laws, regulations, contracts, administrative procedures, and local ordinances. The audit covered the period from January 1, 2023, to December 31, 2023, examining state aid deposits, employer and employee contribution calculations, and retirement benefit distributions. The January 1, 2023, actuarial valuation report was evaluated for compliance with Act 205. The audit concluded that the pension plan was administered in compliance with relevant regulations for the specified periods. It was noted that Steelton Borough contracted with an independent firm for annual financial statement audits. The Borough’s non-uniformed pension plan is a single-employer defined benefit plan affected by collective bargaining, with 14 active members and 23 retirees as of December 31, 2023. The report findings were discussed with Steelton