Shade Township received a positive review from the commonwealth for the handling of its police and nonuniformed pension plans last week.
In a report, Auditor General Eugene DePasquale stated both were administered in compliance with state and local regulations during the time period from Jan. 1, 2010, through Dec. 31, 2012.
“The reports, I guess, speak for themselves,” said Shade Township Supervisors Chairman John Topka Jr. “We just have the guidelines to follow. It’s just something that takes care of itself as long as you follow the guidelines.”
Shade’s police pension plan is actually overfunded, so the township did not need to make any financial contributions in any of the three years. Also, thanks to receiving state assistance, the township needed to contribute only a few thousand dollars to the nonuniform plan.
“We’re funded really well,” Topka said.
The township participates in the Pennsylvania Municipal Retirement System.
“They run a pretty good pension plan,” said Topka. “They have a lot of good people that run it and invest money wisely. It’s more on their part getting the good report than it is ours.”
Dave Sutor is a reporter for The Tribune-Democrat. Follow him on Twitter at twitter.com/Dave_Sutor.