OSA No Longer Requiring Local Government Pension Attest Engagements

Please Note: This post was updated May 23, 2023 (as indicated in bold text below) to provide clarification on the applicable dates.

For a number of years, as part of their audit of the pension liability allocation tables, OSA required a sample of participant employers in the LGERS and TSERS systems to hire an independent CPA to perform a pension attest engagement on the employer's data and contributions to the pension systems.

Effective for the audit of the pension liability allocation tables that will be used for audits with fiscal years ending 3/31/24 through 12/31/24, OSA will be using an alternative method to obtain assurance on the accuracy of membership and contributions to the pension plans. The attest engagements completed in late 2022 were used to support the allocation tables that are being used for FY 2023 audits. To summarize, no more pension attest engagements will be requested.

If you have any questions or comments please contact us at SLGFD@nctreasurer.com