Council appoints pension-plan committee after state audit finds no issues
Summary
Following a state audit with no findings, Milford Borough appointed a pension-plan committee (Cooney, Manion, Provenzano) to update Ordinance #248 and research pension advisors.
Secretary/Treasurer Francesca Lombardo reported that the State of Pennsylvania audited the Borough pension plans and completed the audit with no findings; the minutes note a few observations that were not included in the final submission. President Joseph Dooley proposed appointing a three-person committee to review and update Ordinance #248 and to research pension-advisor options.
The council appointed Council Members Peter Cooney, Doug Manion and Richard Provenzano to the pension-plan committee (motion by George Lutfy, second by Doug Manion; AIF). The committee was charged with evaluating advisory options and proposing any ordinance edits for council consideration.
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