Act 205 of 1984 requires the Municipal Pension Reporting Program to make biennial distress determinations for all municipalities. The lower the score, the better the health of the municipality’s pension plan.
In any email to Manager Greg Primm on January 25, 2023, Brian Bowers in the Department of the Auditor General reported that the Township’s Distress Score was “0.00”.
For perspective on the excellence of this score, to receive a “0.00”, all of a municipality’s combined pension plans must have a funding ratio of 90 percent or greater. Allegheny Township’s funded ratio was 107 percent.
Congratulations to Township Administration for their excellent job in managing these critically important pension plans.