Published January 21, 2025
About This Audit
The audit of the Gallitzin Borough Non-Uniformed Pension Plan was conducted to assess compliance with the Municipal Pension Plan Funding Standard and Recovery Act and applicable state laws. Conducted from January 1, 2023, to December 31, 2023, the audit confirmed that state aid was properly deposited within the prescribed timeframe, employer contributions were correctly calculated, and no employee contributions were required. No benefit calculations were prepared during the period, and the actuarial valuation report complied with state requirements. The audit concluded that the plan was administered in accordance with relevant regulations. This compliance ensures the Gallitzin Borough Non-Uniformed Pension Plan meets its legal obligations.