Auditor General DePasquale Releases Pension Plan Audits for Municipalities in 11 Counties

HARRISBURG, Pa., June 26 -- The Pennsylvania Auditor General issued the following news release:

Auditor General Eugene DePasquale today released audits of municipal employee pension plans Beaver, Berks, Butler, Chester, Delaware, Erie, Fayette, Franklin, Luzerne, Montgomery and Northumberland counties.

State pension aid for police, firefighters and non-uniformed municipal employee pensions is provided from a 2 percent tax on out-of-state casualty insurance premiums, a portion of the out-of-state fire insurance tax designated for paid firefighters, and any investment income earned on the collection of these taxes.

The objectives of pension plan audits are to determine, for the selected audit period, if the municipality complied with any prior audit recommendations and if the municipal pension plan is in compliance with applicable state laws, regulations, contracts, administrative procedures, and local ordinances and policies.

Specifically, department auditors review issues including whether:

* state aid was properly determined and deposited according to the requirements of the Municipal Pension Plan Funding Standard and Recovery Act;

* employer contributions were determined and deposited in compliance with the plan's governing document and applicable state laws and regulations;

* employee contributions are required, and if so, whether they were properly determined and deposited into the pension plan;

* benefit payments were properly made only to those entitled to receive them;

* obligations for plan benefits were accurately determined under plan provisions and based upon complete and accurate participant data; and

* actuarial valuation reports were sent to the Public Employee Retirement

Commission in accordance with state law and selected information provided on these reports is accurate, complete and in accordance with plan provisions to ensure compliance for participation in the state aid program.

The following audit reports are available online at: www.auditorgen.state.pa.us/Reports/MunPen.html.

Beaver

* Aliquippa City Employees Pension Plan

* Aliquippa City Fireman's Pension Plan

* Aliquippa City Police Pension Plan

Berks

* Maidencreek Township Nonuniformed Pension Plan

* Wyomissing Borough Firefighters' Pension Plan

* Wyomissing Borough Nonuniformed Pension Plan

* Wyomissing Borough Police Pension Plan

Butler

* Jefferson Township Employees' Pension Plan

* Penn Township Nonuniformed Pension Plan

* Penn Township Police Pension Plan

Chester* West Bradford Township Nonuniformed Pension Plan

Delaware

* East Lansdowne Borough Police Pension Plan

* Middletown Township Nonuniformed Pension Plan

Erie

* Summit Township Nonuniformed Pension Plan

Fayette

* Point Marion Borough Nonuniformed Pension Plan

* Point Marion Borough Police Pension Plan

Franklin

* St. Thomas Township Nonuniformed Pension Plan

Luzerne

* Fairview Township Nonuniformed Employees Pension Plan

* Fairview Township Police Pension Plan

Montgomery

* Collegeville Borough Nonuniformed Pension Plan

* Collegeville Borough Police Pension Plan

Northumberland

* Shamokin City Nonuniformed Pension Plan

* Shamokin City Police Pension Plan

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