Auditor General DePasquale Releases Pension Plan Audits for Municipalities in 22 Counties

Published 08/28 2014 11:55PM

Updated 08/28 2014 11:58PM

Auditor General Eugene DePasquale today released audits of municipal employee pension plans in Adams, Allegheny, Bucks, Butler, Cambria, Clearfield, Crawford, Cumberland, Erie, Lackawanna, Lancaster, Lebanon, Lehigh, Luzerne, Lycoming, Mercer, Mifflin, Monroe, Northampton, Somerset, Washington 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:
·  Franklin Township Nonuniformed Employees’ Pension Plan
·  Munhall Borough Nonuniformed Pension Plan
·  Munhall Borough Police Pension Plan
·  New Britain Borough Nonuniformed Pension Plan
·  New Britain Borough Police Pension Plan
·  Connoquenessing Township Nonuniformed Pension Plan
·  Patton Borough Nonuniformed Pension Plan
·  Patton Borough Police Pension Plan
·  Pike Township Nonuniformed Pension Plan
·  Upper Macungie Township Employees’ Pension Plan
·  West Mead Nonuniformed Pension Plan
·  North Newton Township Nonuniformed Pension Plan
·  Greenfield Township Nonuniformed Pension Plan
·  City of Carbondale Aggregate Pension Fund
·  Earl Township Nonuniformed Pension Plan
·  West Cornwall Township Nonuniformed Pension Plan
·  Upper Macungie Township Police Pension Plan
·  City of Wilkes-Barre Fireman’s Pension Plan
·  City of Wilkes-Barre Fireman’s Relief Pension Plan
·  City of Wilkes-Barre Nonuniformed Pension Plan
·  City of Wilkes-Barre Police Pension Plan
·  City of Wilkes-Barre Policemen’s Relief Pension Plan
·  Dorrance Township Nonuniformed Pension Plan
·  Hughesville Borough Nonuniformed Pension Plan
·  Hughesville Borough Police Pension Plan
·  Limestone Township Nonuniformed Pension Plan
·  Pine Township Nonuniformed Employees Pension Plan
·  Union Township Nonuniformed Pension Plan
·  Tunkhannock Township Nonuniformed Pension Plan
·  Bangor Borough Nonuniformed Pension Plan
·  Bangor Borough Police Pension Plan
·  Hooversville Borough Police Pension Plan
·  Buffalo Township Nonuniformed Pension Plan
·  Donegal Township Nonuniformed Pension Plan
·  Donegal Township Nonuniformed Union Pension Plan
·  Donegal Township Police Pension Plan
·  Shrewsbury Borough Nonuniformed Pension Plan

(From Auditor General Eugene DePasquale)

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