New Sewickley Township Non-Uniformed Management Pension Plan – Beaver County – Audit Period Ended December 31, 2023

The compliance audit of the New Sewickley Township Non-Uniformed Management Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit’s objectives were to assess the corrective actions on previous findings and to ensure compliance with applicable laws and regulations. The audit covered the period January 1, 2022, to December 31, 2023, and included verifying proper deposit and calculation of state aid and employer contributions. The audit revealed that the pension plan was generally in compliance with laws and policies, except for a failure to properly fund accounts for certain members in 2022 and 2023. This issue could affect the benefits entitled to plan members. Recommendations include adjusting member accounts and strengthening internal controls to ensure accurate funding. The report discussed the findings with township officials, who cooperated during the audit process. The audit confirms oversight in the proper funding of member accounts.