Freeland Borough Police Pension Plan – Luzerne County – Audit Period January 1, 2020 to December 31, 2023

A compliance audit of the Freeland Borough Police Pension Plan, covering January 1, 2020, to December 31, 2023, was conducted under the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to check if previous recommendations were implemented and ensure the pension plan adhered to laws and regulations. The audit found that the plan generally complied with requirements but highlighted two issues: failure to properly determine and fully pay the Minimum Municipal Obligation, and untimely deposit of state aid. The plan participates in the Pennsylvania Municipal Retirement System, which manages investment and administration for several pension plans. The audit approach included evaluating documentation and interviewing officials to verify compliance with legal and regulatory requirements. Despite these findings, the audit ensured that corrective action was taken against previous deficiencies, aiming to enhance the effectiveness and compliance of the pension system.