City of Hermitage Police Pension Plan – Mercer County – Audit Period January 1, 2021 to December 31, 2023

A compliance audit was conducted on the City of Hermitage Police Pension Plan for the period from January 1, 2021, to December 31, 2023, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit evaluated whether the pension plan adhered to applicable state laws, regulations, contracts, and local ordinances, specifically focusing on state aid deposits, employer and employee contributions, retirement benefit calculations, and actuarial valuation reports. The audit concluded that the pension plan conformed to all significant requirements. The supplementary information provided in the report offers historical data for added context but was not independently audited. City officials are charged with maintaining internal controls to ensure compliance, and their cooperation during the audit was acknowledged. The City of Hermitage Police Pension Plan was found to be well-administered and compliant in all major respects.