Gallitzin Borough Police Pension Plan – Cambria County – Audit Period Ended December 31, 2023

In January 2025, the Auditor General conducted a compliance audit of the Gallitzin Borough Police Pension Plan under the Municipal Pension Plan Funding Standard and Recovery Act. The audit, covering the period from January 1, 2023, to December 31, 2023, assessed if the pension plan adhered to state laws, regulations, contracts, administrative procedures, and local ordinances. The audit confirmed that the plan complied with relevant requirements. It found state aid and employer contributions were appropriately calculated and deposited and verified the accuracy of the actuarial valuation report. Importantly, there were no employee contributions or benefit calculations required. The Gallitzin Borough Police Pension Plan is a single-employer defined benefit plan, established in 1965, with one active member and two retirees as of December 31, 2023. The results indicated that the plan is well-managed and compliant with applicable standards.