Easttown Township Non-Uniformed Defined Contribution Pension Plan – Chester County – Audit Period Ended December 31, 2023

A compliance audit was conducted on the Easttown Township Non-Uniformed Defined Contribution Pension Plan, as required by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit aimed to evaluate corrective actions from prior findings and verify compliance with state laws, regulations, and policies. The procedures involved verifying the timeliness of state aid deposits, accuracy of employer contributions, and adherence to retirement benefit calculations for the period of January 1, 2022, to December 31, 2023. While the audit found that the pension plan largely adhered to regulations, it identified certification errors on Form AG 385. These errors led to a net underpayment of state aid because the township failed to certify eligible employees and mistakenly included ineligible participants, affecting the allocation of funds. Township officials cooperated fully with the audit, and recommendations were made to improve internal controls and ensure accurate future certifications. Overall, compliance was achieved, though improvements are needed.