Auditor General Releases Pension Plan Audits for Brockway

HARRISBURG, Pa. – State Auditor General Eugene DePasquale released audits on Friday of municipal employee pension plans in Brockway, Jefferson County.

Auditors found that Brockway’s Non-uniformed Pension Plan was being administered properly.

For Brockway’s Police Pension Plan, auditors determined that it was administered properly with the exception of partial compliance with prior audit recommendation – pension benefits in excess of Act 37.

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.

Links for the full audit reports for Brockway are listed below.

∑         Brockway Borough Nonuniformed Pension Plan

∑         Brockway Borough Police Pension Plan


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