Stoneboro Borough Police Pension Plan – Mercer County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of the Stoneboro Borough Police Pension Plan was conducted according to the Pennsylvania Municipal Pension Plan Funding Standard and Recovery Act, covering the period from January 1, 2025, to December 31, 2025. The objective was to assess if the pension plan was managed in compliance with state laws, regulations, contracts, administrative procedures, and local ordinances. Key areas examined included the proper determination and deposit of state aid, employer contributions, the waiver of employee contributions, and the preparation of the actuarial valuation report. The results indicated compliance with all applicable requirements. The pension plan, a single-employer defined benefit plan established in January 1973, currently has no active members or terminated members eligible for future benefits, but two retirees are receiving benefits. Actuarial valuations showed the plan is well-funded. The audit relied on interviews and transaction testing, and discussions with borough officials were documented. This is an automated summary. Please rely on the contents included in the released audit report.