Strasburg Borough Police Pension Plan – Lancaster County – Reduced Period Engagement – Period Ended December 31, 2024

The Strasburg Borough Police Pension Plan underwent a compliance audit pursuant to the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to determine compliance with state laws, regulations, and policies regarding pension administration for a period ending December 31, 2024. Key focus areas included state aid deposits, employer and employee contributions, the accuracy of retirement benefits, actuarial valuation reports, and adherence to the Deferred Retirement Option Plan provisions. The audit found that, generally, the pension plan was compliant; however, a notable exception was the incorrect certification of data in the actuarial valuation reports regarding certain benefit provisions. As a result, inaccurate data could affect state aid allocation and the calculation of the municipality’s minimum municipal obligation. This is an automated summary. Please rely on the contents included in the released audit report.