Edwardsville Borough Non-Uniformed Pension Plan – Luzerne County – Audit Period Ended December 31, 2023

The compliance audit of the Edwardsville Borough Non-Uniformed Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, evaluated whether the plan was managed in line with relevant laws, regulations, and policies. Covering the period from January 1, 2023, to December 31, 2023, the audit verified the proper determination and deposition of state aid, employer, and employee contributions. A notable finding was that the governing document was improperly amended by resolution rather than by ordinance, potentially leading to inaccurate benefit calculations. Edwardsville Borough officials have since rectified this by enacting the necessary ordinance. The audit found overall compliance, except for the noted amendment issue. This comprehensive evaluation ensures the pension plan’s integrity and adherence to governing rules.