Auditor General DePasquale Releases Pension Plan Audits for Municipalities in 19 Counties
HARRISBURG (August 7, 2014) – Auditor General Eugene DePasquale today released audits of municipal employee pension plans in Adams, Allegheny, Armstrong, Beaver, Bucks, Butler, Cambria, Centre, Chester, Erie, Fayette, Lackawanna, Lancaster, Lebanon, Lehigh, Luzerne, Monroe, Windsor and York counties.
State pension aid for police, firefighters and non-uniformed municipal employee pensions is provided from a 2 percent tax on out-of-state casualty insurance premiums, a portion of the out-of-state fire insurance tax designated for paid firefighters, and any investment income earned on the collection of these taxes.
The objectives of pension plan audits are to determine, for the selected audit period, if the municipality complied with any prior audit recommendations and if the municipal pension plan is in compliance with applicable state laws, regulations, contracts, administrative procedures, and local ordinances and policies.
Specifically, department auditors review issues including whether:
- state aid was properly determined and deposited according to the requirements of the Municipal Pension Plan Funding Standard and Recovery Act;
- employer contributions were determined and deposited in compliance with the plan’s governing document and applicable state laws and regulations;
- employee contributions are required, and if so, whether they were properly determined and deposited into the pension plan;
- benefit payments were properly made only to those entitled to receive them;
- obligations for plan benefits were accurately determined under plan provisions and based upon complete and accurate participant data; and
- actuarial valuation reports were sent to the Public Employee Retirement Commission in accordance with state law and selected information provided on these reports is accurate, complete and in accordance with plan provisions to ensure compliance for participation in the state aid program.
The following audit reports are available online at:www.PaAuditor.gov/audit-reports.
Adams
• Mount Pleasant Township Nonuniformed Pension Plan
Allegheny
• Homestead Borough Nonuniformed Pension Plan
• Homestead Borough Police Pension Plan
• Neville Township Nonuniformed Pension Plan
• Neville Township Police Pension Plan
• Pleasant Hills Borough Nonuniformed Pension Plan
• Pleasant Hills Borough Police Pension Plan
Armstrong
• Leechburg Borough Nonuniformed Pension Plan
• Leechburg Borough Police Pension Fund
Beaver
• Rochester Township Nonuniformed Pension Plan
• Rochester Township Police Pension Plan
Bucks
• Lower Southampton Township Nonuniformed Employees Pension Plan
• Lower Southampton Township Police Pension Plan
Butler
• Fairview Township Employees’ Pension Plan
• Harmony Borough Nonuniformed Pension Plan
• Wiconisco Township Police Pension Plan
• Winfield Township Nonuniformed Pension Plan
Cambria
• Upper Yoder Township Nonuniformed Pension Plan
• Upper Yoder Township Police Pension Plan
Centre
• Penn Township Nonuniformed Pension Plan
Chester
• London Britain Township Nonuniformed Pension Plan
• London Grove Township Nonuniformed Pension Plan
• Lower Oxford Township Nonuniformed Pension Plan
• Westtown-East Goshen Regional Police Pension Plan
Erie
• Girard Township Nonuniformed Pension Plan
• Greene Township Nonuniformed Pension Plan
Fayette
• Menallen Township Nonuniformed Management Pension Plan
• Menallen Township Nonuniformed Union Pension Plan
Lackawanna
• Covington Township Nonuniformed Pension Plan
• Covington Township Police Pension Plan
Lancaster
• Adamstown Borough Nonuniformed Pension Plan
Lebanon
• South Londonderry Township Nonuniformed Employees Pension Plan
• South Londonderry Township Police Pension Plan
Lehigh
• Lower Milford Township Employees’ Pension Plan
• Lower Milford Township Police Pension Plan
Luzerne
• Wilkes-Barre Township Nonuniformed Pension Plan
• Wilkes-Barre Township Police Pension Plan
Monroe
• Pocono Township Nonuniformed Pension Plan
• Pocono Township Police Pension Plan
York
• Glen Rock Borough Nonuniformed Pension Plan
• Hopewell Township Nonuniformed Pension Plan
• Windsor Township Nonuniformed Pension Plan
###
|
|
