Lawrence Park Township – Public Update on Pension Audit Findings
Lawrence Park Township recently received the results of a routine compliance audit conducted by the Pennsylvania Auditor General’s Office for the Township’s Non-Uniformed Employees’ Pension Plan. These audits occur periodically across the Commonwealth to ensure pension plans are administered accurately and in accordance with applicable laws and local ordinances.
The Auditor General’s report identified an issue involving how a former employee’s sick-leave payout was calculated and how that payout was reported for purposes of the pension. Under the Township’s pension ordinance, only certain types of compensation may be included when determining pension benefits and an error in calculation occurred.
The ensure the Township is compliant we are taking the following steps:
- Reviewing all relevant records to confirm and document the findings.
- Coordinating with the Township’s actuarial partners to implement the required reporting corrections.
- Preparing the necessary documentation to comply with the audit directives and ensure long-term accuracy in pension reporting.
- Developing internal controls to strengthen consistency and prevent similar issues in future reporting.
- Continuing full cooperation with the Auditor General’s Office throughout the correction process.
The full audit report is available: HERE
Residents with questions may contact the Township Office at 814-899-2305 or visit www.lawrenceparktwp.org.
Lawrence Park Township remains committed to transparency, fiscal responsibility, and full compliance with all state regulations.