Easttown Township Police Pension Plan – Chester County – Audit Period Ended December 31, 2023

The compliance audit of the Easttown Township Police Pension Plan, conducted under Act 205, assessed whether the plan was administered following state laws and regulations between January 2022 and December 2023. The audit verified the proper deposits of state aid, employer, and employee contributions and examined compliance with certain pension plan provisions. The audit concluded that the plan was largely compliant, though discrepancies were noted concerning errors on Certification Form AG 385, leading to a net underpayment of state aid. Incorrect certification of active employees, including those ineligible under the Deferred Retirement Option Plan (DROP), was a key oversight. The township’s state aid allocations were impacted, resulting in underpayments over the years 2022 to 2024. The township was advised to bolster internal controls to avoid future errors. The audit also highlighted the necessity for township officials to certify data accurately to reflect eligible employees and remain compliant with guidelines.