Finding 1174094 (2024-002)

2024-002 Pension Criteria: The Housing Authority should have pension plan documentation available to be reviewed. Condition: The Housing Authority could not provide us with the current pension plan so we were unable to determine if the pension was correctly funded. Question Cost: Unknown Effect: We were unable to determine who was covered by the pension plan, the amount the Authority was funding and the amount that the employees should be contributing. Cause: Lack of documentation. Recommendation: We recommend the Housing Authority obtain a copy of the current pension plan from their pension provider and review payments made by the authority and it’s employs to determine if the pension has been correctly funded.