Schuylkill Haven Borough Police Pension Plan – Schuylkill County – Audit Period January 1, 2020 to December 31, 2023

The compliance audit of the Schuylkill Haven Borough Police Pension Plan for January 2020 to December 2023 was conducted to assess corrective actions from a previous report and ensure compliance with state laws and regulations. The audit followed guidelines from the Municipal Pension Plan Funding Standard and Recovery Act and examined annual state aid deposits, employer and employee contributions, pension benefit calculations, and actuarial reports. It confirmed that the plan largely adhered to relevant laws except for a finding regarding incorrect pension benefit calculations for two members who retired with service-related disabilities. This error occurred because salaries were inaccurately reported due to incorrect assumptions about pay periods, resulting in understated base salaries. The report details prior compliance issues, ongoing monitoring, and acknowledges the cooperation of borough officials in the audit process. This review ensures that the pension plan remains aligned with state requirements and responds to prior compliance findings.