New Sewickley Township Non-Uniformed Union Pension Plan – Beaver County – Audit Period Ended December 31, 2023

The compliance audit of the New Sewickley Township Non-Uniformed Union Pension Plan, conducted under Act 205, assessed whether the plan adhered to state laws, regulations, contracts, and policies. The audit verified state aid and employer contributions for January 1, 2023, to December 31, 2023, ensuring compliance with specified timing and procedural requirements. No employee contributions or benefit calculations were necessary during this period. The January 1, 2023 actuarial report was submitted timely. The audit primarily focused on the township’s pension activities, as the multi-employer plan is governed by ERISA. Overall, the plan was found to be in compliance with applicable regulations, and township officials cooperated fully during the audit.