Pottstown Borough Non-Uniformed Pension Plan – Montgomery County – Audit Period Ended December 31, 2023

The compliance audit of the Pottstown Borough Non-Uniformed Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act, focusing on compliance with state laws, regulations, and corrective actions from prior audits. The audit objectives included assessing whether corrective actions were implemented and verifying compliance over the period from January 1, 2022, to December 31, 2023. Techniques used included checking state aid deposits, employer and employee contributions, retirees’ benefits, and the preparation of actuarial reports. The audit concluded that the pension plan was compliant with applicable regulations. Pottstown Borough had corrected prior issues related to inaccurate data reporting and pension benefit calculations. The audit also reviewed the plan’s funding status, noting changes in regulations and contributions, with updated asset values depicted for long-term assessment. Borough officials cooperated during the audit, which identified that the plan was administered correctly according to applicable guidelines.