Bedford Borough Non-Uniformed Pension Plan – Bedford County – Audit Period Ended December 31, 2023

An audit was conducted on the Bedford Borough Non-Uniformed Pension Plan, Bedford County, Pennsylvania, to assess compliance with state laws, regulations, contracts, administrative procedures, and local policies. The audit, aligned with the Municipal Pension Plan Funding Standard and Recovery Act, covered various periods between 2022 and 2023 and focused on state aid deposition, employer and employee contributions, and actuarial reporting. The Bedford Borough Non-Uniformed Pension Plan participates in the Pennsylvania Municipal Retirement System (PMRS), and the audit confirmed compliance in all significant respects. The pension plan is governed by local ordinance and state laws, with its defined benefit plan established in 1966. Active members must contribute 5.5% of their compensation. As of December 31, 2023, the plan included nine active members and 14 retirees receiving benefits. The audit observed no noncompliance issues, confirming effective management and adherence to applicable legal standards.