Tremont Borough Non-Uniformed Pension Plan – Schuylkill County – Audit Period Ended December 31, 2023

The compliance audit for the Tremont Borough Non-Uniformed Pension Plan, governed by the Municipal Pension Plan Funding Standard and Recovery Act, aimed to evaluate corrective actions from previous findings and assess compliance with relevant state laws and regulations. Conducted without adhering to Government Auditing Standards, the audit spanned January 1, 2019, to December 31, 2023, focusing on appropriateness of state aid deposits, employer contributions, and benefit calculations, among other factors. Findings indicated compliance generally but highlighted repeated issues from previous reports, such as incomplete actuarial valuation reports, lack of custodial account maintenance, unfiled certification forms leading to underpaid state aid, and delays in state aid deposits. Despite these issues, the audit acknowledged cooperation from Tremont Borough officials. Recommendations stress correcting these persistent deficiencies to ensure proper administration. The report underscores the importance of adherence to regulatory requirements for sustainable pension plan management.