The Auditor General audits all Pennsylvania public pension plans to ensure compliance with applicable state laws, regulations, plan documents and administrative procedures and policies. Employers should maintain required records for audits.

Examples include:

• State aid was administered in accordance with Act 205 requirements.
• Employer contributions followed the plan’s governing documents and applicable regulations.
• Employee contributions (if required) are deducted and deposited in accordance with the plan provisions and applicable regulations.
• Benefit payments are properly determined in accordance with applicable regulations.

Employers must maintain all PMRS documentation including (but not limited to):

• Minimum Municipal Obligation (MMO) worksheets and invoices.
• Lists of plan participants.
• Forfeiture letters.
• Retired, vested, and terminated plan participant calculations.
• Act 205 (Act 293 for counties) valuations.
• PMRS financial reports.
• Summary of Municipal Reserve Account.
• Cash receipts and member activity.
• Governmental Accounting Standards Board (GASB 68) Valuation.
• PMRS’ Annual Comprehensive Financial Report (ACFR).
• PMRS’ SSAE 18 (SOC 1 Type 2) report.
• Plan documents including the Base.