Auditor General DePasquale Releases Pension Plan Audits for Municipalities in Twenty Counties
Auditor General DePasquale Releases Pension Plan Audits for Municipalities in Twenty Counties
HARRISBURG (Jan. 24, 2014)– Auditor General Eugene DePasquale today released audits of municipal employee pension plans in Allegheny, Armstrong, Beaver, Bedford, Berks, Bucks, Centre, Chester, Crawford, Dauphin, Elk, Fayette, Lancaster, Luzerne, Lycoming, Mercer, Mifflin, Montgomery, Pike and York counties.
State pension aid for police, firefighters and non-uniformed municipal employee pensions is provided from a two-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.
Allegheny
- Leet Township Nonuniformed Pension Plan
- Leet Township Police Pension Plan
- Springdale Township Nonuniformed Pension Plan
- Springdale Township Police Pension Plan
Armstrong
- Rural Valley Borough Nonuniformed Pension Plan
Beaver
- Vanport Township Nonuniformed Pension Plan
Bedford
- East St. Clair Township Nonuniformed Pension Plan
Berks
- Richmond Township Nonuniformed Pension Plan
- South Heidelberg Nonuniformed Pension Plan
- South Heidelberg Police Pension Plan
- West Reading Borough Nonuniformed Pension Plan
- West Reading Borough Police Pension Plan
Bucks
- Bedminster Township Nonuniformed Pension Plan
- Bedminster Township Police Pension Plan
Centre
- Halfmoon Township Nonuniformed Pension Plan
- Patton Township Nonuniformed Pension Plan
- Patton Township Police Pension Plan
- State College Borough General Government Employees Pension Plan
- State College Borough Police Pension Plan
Chester
- South Coatsville Nonuniformed Employees Pension Plan
- South Coatsville Police Pension Plan
Crawford
- Conneaut Lake Regional Police Pension Plan
- Sadsbury Township Nonuniformed Pension Plan
Dauphin
- Dauphin Borough Nonuniformed Employees Pension Plan
- Elizabethville Borough Nonuniformed Employee Pension Plan
Elk
- St. Marys City Nonuniformed Employees Pension Plan
- St. Marys City Police Pension Plan
Fayette
- Perry Township Nonuniformed Pension Plan
Lancaster
- Fulton Township Nonuniformed Pension Plan
- Quarryville Borough Nonuniformed Pension Plan
- Quarryville Borough Police Pension Plan
Luzerne
- Lake Township Nonuniformed Pension Plan
- Plymouth Borough Nonuniformed Pension Plan
- Plymouth Borough Police Pension Plan
Lycoming
- South Williamsport Borough Nonuniformed Pension Plan
- South Williamsport Police Pension Plan
Mercer
- Mercer Borough Nonuniformed Pension Plan
- Mercer Borough Police Pension Plan
- Stoneboro Borough Nonuniformed Pension Plan
Mifflin
- Granville Township Nonuniformed Pension Plan
- Granville Township Police Pension Plan
Montgomery
- Bridgeport Borough Nonuniformed Pension Plan
- Bridgeport Borough Police Pension Plan
Pike
- Milford Borough Nonuniformed Pension Plan
- Milford Borough Police Pension Plan
York
- West Manheim Township Nonuniformed Pension Plan
- West Manheim Police Pension Plan
###
Return to search results