Slatington Borough Police Pension Plan - Lehigh County - Compliance Audit Report - 06 19 08 -

SLATINGTON BOROUGH POLICE PENSION PLAN LEHIGH COUNTY COMPLIANCE AUDIT REPORT FOR THE PERIOD JANUARY 1, 2005, TO DECEMBER 31, 2007 SLATINGTON BOROUGH POLICE PENSION PLAN LEHIGH COUNTY COMPLIANCE AUDIT REPORT FOR THE PERIOD JANUARY 1, 2005, TO DECEMBER 31, 2007 CONTENTS Page Background......................................................................................................................................1 Letter from the Auditor General ......................................................................................................3 Supplementary Information .............................................................................................................5 Report Distribution List...................................................................................................................9 BACKGROUND On December 18, 1984, the Pennsylvania Legislature adopted the Municipal Pension Plan Funding Standard and Recovery Act (P.L. 1005, No. 205, as amended, 53 P.S. § 895.101 et seq.). The act established mandatory actuarial reporting and funding requirements and a uniform basis for the distribution of state aid to Pennsylvania’s public pension plans. Section 402(j) of Act 205 specifically requires the Auditor General, as deemed necessary, to make an audit of every municipality which receives general ...