Bangor Borough Sewer Employees’ Pension Plan – Northampton County – Audit Period January 1, 2020 to December 31, 2023

A compliance audit was conducted for the Bangor Borough Sewer Employees’ Pension Plan in Northampton County, Pennsylvania, covering the period from January 1, 2020, to December 31, 2023. This audit was performed under the authority of Act 205, which mandates audits of municipal pension plans that receive state aid. The primary objectives were to assess whether municipal officials have implemented corrective actions from previous audits and if the pension plan is administered according to state laws and local policies. The audit determined that the pension plan generally complied with relevant regulations, except for an issue related to the failure to properly fund members’ accounts, which was a noncompliance with prior recommendations. The report acknowledged the Borough’s cooperation during the audit process.