On June 13, Pennsylvania Auditor General Timothy DeFoor announced that his office is releasing audit reports for 25 municipal pension plans. | stock photo
On June 13, Pennsylvania Auditor General Timothy DeFoor announced that his office is releasing audit reports for 25 municipal pension plans. | stock photo
On June 13, Pennsylvania Auditor General Timothy DeFoor announced that his office is releasing audit reports for 25 municipal pension plans.
According to the release from DeFoor’s office, the audits are for plans in the counties of Armstrong, Bucks, Centre, Crawford, Delaware, Lawrence, Lebanon, Lehigh, Luzerne, McKean, Montgomery and Schuylkill.
“Our audits make sure state pension aid is used as required by law, which helps to reduce financial burdens on local taxpayers,” DeFoor said.
The release explained that the state aid for municipal pension plans is made through a 2% tax on fire and casualty instance policies. These are sold in-state by out-of-state companies. Last year the Dept. of the Auditor General reportedly distributed $317 million in aid to 1,492 municipalities and regional departments for pension plans that cover police officers, paid firefighters and non-uniformed employees as well.
According to state law, the Dept. of the Auditor General needs to audit municipal pension plans and volunteer fire relief associations that receive government state aid as well as liquid fuel tax usage by municipalities, county offices and other state government entities.
In Armstrong County, there is an audit for a pension plan for North Buffalo Township non-uniformed personnel. Bucks County has four audits for Newtown including for pension plans for firefighters, a firefighters’ money purchase pension plan; a non-uniformed pension plan; and a non-uniformed money purchase pension plan.
Centre County has two audits for pension plans in Philipsburg for police and non-uniformed workers. Crawford County has an audit for the Hayfield Township non-uniformed pension plan.
In Delaware County there are audits for the Folcroft Borough police pension plan and also the non-uniformed pension plan. Lawrence County has an audit for the Hickory Township non-uniformed pension plan.
In Lebanon County there are audits for the North Cornwall Township non-uniformed pension plan as well as the police pension plan. Lehigh County has an audit for the Heidelberg Township non-uniformed employee pension plan; Lowhill Township non-uniformed employee pension plan; the Upper Milford Township non-uniformed pension plan as well as the Upper Milford non-uniformed employees defined contribution pension plan.
In Luzerne County there was an audit for the Foster Township non-uniformed pension plan. McKean County has two pension plans for Hatfield Borough including: non-uniformed defined benefit pension plan as well the as non-uniformed defined contribution pension plan.
McKean County has audits for the Smethport Borough police pension plan and the non-unformed pension plan.
Montgomery County has audits for the Hatfield Borough non-uniformed defined benefit pension plan as well as the non-uniformed defined contribution pension plan.
In Schuylkill County there are audits for the Tamaqua Borough police pension plan, non-uniformed pension plan and the non-uniformed defined contribution pension plan.
For more information about the audits log onto www.PAAuditor.gov/auditreports. There, you can search for various audits including the ones noted in the release.
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