Smithfield Township Non-Uniformed Pension Plan – Monroe County – Audit Period January 1, 2020 to December 31, 2023

A compliance audit was conducted on the Smithfield Township Non-Uniformed Pension Plan for the period from January 1, 2020, to December 31, 2023, in accordance with Act 205. The audit had two main objectives: ensuring corrective actions were taken to address prior findings and verifying that the pension plan complied with relevant laws and regulations. The audit confirmed proper calculation and deposit of state aid and employer contributions, and the appropriate disbursement of retirement benefits. However, a finding revealed that the pension plan’s governing ordinance was improperly amended by a resolution, contrary to legal requirements. The audit process involved reviewing documentation and plan procedures, interviewing officials, and confirming compliance across various aspects of pension administration. Overall, the plan complied with most requirements, except for the noted deficiency in ordinance amendments, which needs resolution for full compliance.