Decatur Township Police Pension Plan – Clearfield County – Audit Period Ended December 31, 2023

A compliance audit of the Decatur Township Police Pension Plan was conducted as mandated by Pennsylvania’s Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit focused on verifying compliance with relevant state laws, regulations, contracts, administrative procedures, and local ordinances for the period from January 1, 2023, to December 31, 2023. Key areas evaluated included the proper determination and timely deposit of state aid, accuracy of annual employer contributions, and adherence to actuarial valuation report submission deadlines. The audit found the pension plan to be in compliance with all applicable requirements, and no significant issues were detected. Decatur Township is part of the Pennsylvania Municipal Retirement System (PMRS), which handles investment and administrative duties for local plans. The audit’s results, along with officials’ responses, were compiled into a report. Township officials were commended for their cooperation during the audit process, ensuring effective compliance oversight.