City of Reading Police Pension Plan – Berks County – Audit Period January 1, 2022 to December 31, 2023

The compliance audit of the City of Reading Police Pension Plan, conducted for the period from January 1, 2022, to December 31, 2023, was executed as per the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit, not governed by Government Auditing Standards, aimed to assess the plan’s adherence to state laws, regulations, contracts, and policies. The methodology involved verifying state aid deposits, employer and employee contributions, retirement benefits, actuarial valuation, as well as compliance with Act 205 provisions. An independent audit firm handles the city’s basic financial statements, which were not evaluated in this audit. The results show that the plan complied with all significant legal and regulatory requirements. The report does not provide assurance on supplementary information, but findings were discussed with city officials, whose cooperation was appreciated.