Upland Borough Non-Uniformed Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Upland Borough Non-Uniformed Pension Plan under the Municipal Pension Plan Funding Standard and Recovery Act. The audit, covering January 1 to December 31, 2024, aimed to verify compliance with state laws, regulations, and policies by examining state aid deposits, employer contributions, and retirement benefits. The audit confirmed correct state aid deposits within 30 days of receipt, employer contributions aligned with legal obligations, and appropriately calculated and disbursed retirement benefits. The January 1, 2023 actuarial valuation report was timely submitted, meeting Act 205 requirements. The audit determined the pension plan was compliant with relevant laws and regulations. The supplementary information provided aims to help assess the plan’s funding status and financial strength. Borough officials cooperated fully, and their responses were included. This is an automated summary. Please rely on the contents included in the released audit report.