Warrington Township Non-Uniformed Employees Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Warrington Township Non-Uniformed Employees Pension Plan was conducted as required by the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to ensure compliance with applicable state laws, regulations, contracts, administrative procedures, and local ordinances. The audit, covering activities from January 2024 to December 2024, evaluated whether state aid was appropriately determined and deposited, whether employer and employee contributions were correctly calculated and deposited, and whether retirement benefits were accurately disbursed. The audit found that, generally, the pension plan complied with relevant laws and regulations. However, two findings were identified: an overpayment of state aid due to incorrect data on Certification Form AG 385, and errors in pension benefit calculations. Recommendations included returning the excess state aid with interest and improving internal controls to prevent future inaccuracies. The report was discussed with township officials, and their cooperation was acknowledged. This is an automated summary. Please rely on the contents included in the released audit report.