Eldred Township Non-Uniformed Pension Plan – Monroe County – Audit Period January 1, 2020 to December 31, 2023

The compliance audit of the Eldred Township Non-Uniformed Pension Plan, covering January 1, 2020, to December 31, 2023, was conducted under the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess corrective actions from previous findings and compliance with state laws, regulations, and local policies. The procedure involved verifying state aid deposits, evaluating employer and employee contributions, checking retirement benefit calculations, and confirming actuarial valuations’ timely submissions. The plan, part of the Pennsylvania Municipal Retirement System, showed compliance in most areas, but an error on Certification Form AG 385 led to an underpayment of state aid due to uncertified employee data, which the township should rectify. Additionally, Eldred Township addressed previous audit issues, like maintaining record-keeping systems and adopting procedures for procuring professional services. Overall, Eldred Township mostly complied with regulations, though some data inaccuracies need correction for accurate state aid allocation.