South Franklin Township Non-Uniformed Pension Plan – Washington County – Audit Period Ended December 31, 2023

A compliance audit of the South Franklin Township Non-Uniformed Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act, assessing adherence to state laws, regulations, and prior corrective recommendations. The audit, covering January 1, 2022, to December 31, 2023, determined that deposits of state aid and employer/employee contributions were properly managed as per Act 205 and the plan’s governing documents. Additionally, retirement benefits calculated post-December 31, 2023, were verified for compliance. The audit concluded that the pension plan complied with applicable regulations, except for unaudited PMRS financial statements. The township complied with prior findings regarding aid deposits. Overall, the pension plan is managed effectively and in compliance with the stated laws and policies.