Thursday, 26 May 2022 10:38

Auditor General DeFoor Releases Audit of Barrett Township Municipal Pension Plan

Original Title:
Auditor General DeFoor Releases Audits of 36 Municipal Pension Plans in 19 Counties

View the PDF Report Here

HARRISBURG – Auditor General Timothy L. DeFoor today announced the release of audit reports for 36 municipal pension plans in Allegheny, Beaver, Bucks, Cambria, Clearfield, Crawford, Delaware, Erie, Fayette, Lancaster, Luzerne, Monroe, Northampton, Snyder, Tioga, Wayne, Westmoreland, Wyoming and York counties.

“Our audits make sure state pension aid is used as required by law, which helps to reduce financial burdens on local taxpayers,” DeFoor said.

State aid for municipal pension plans is generated by a 2 percent tax on fire and casualty insurance policies sold in Pennsylvania by out-of-state companies. In 2021, the Department of the Auditor General distributed a total of $317 million in aid to 1,492 municipalities and regional departments to support pension plans covering police officers, paid firefighters and non-uniformed employees.

The department is required by law to audit municipal pension plans and volunteer fire relief associations that receive state aid from the department; liquid fuels tax usage by municipalities; various county offices and numerous other state government entities.

Explanations of findings are found in the full audit reports linked below or available online at www.PaAuditor.gov/audit-reports.

(source)

Last modified on Thursday, 26 May 2022 10:44
Nate

Disclaimer: The ideas are the personal thoughts and opinions of Nate Covington and do not necessarily reflect the position of Barrett Township or the Board of Auditors.

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