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

The compliance audit of the Beaver Borough Police Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to ensure the plan’s administration complied with state laws, regulations, contracts, administrative procedures, and local ordinances. The audit covered several areas, including the proper determination and deposit of state aid, employer and employee contributions, and the Deferred Retirement Option Plan (DROP) provisions. For the period from January 1, 2023, to December 31, 2023, the audit concluded that the plan was largely administered in compliance with relevant requirements. Borough officials were thanked for their cooperation during the audit process.