The Pennsylvania Municipal Retirement Board is pleased to share the PMRS SSAE 18 Audit Report, commonly known as a SOC 1 Type 2 Audit. The "Statement on Standards for Attestation Engagements No. 18" is the latest standard for reporting on controls for service organizations for periods ending on or after May 1, 2017. The SSAE 16 replaces Statement on Auditing Standards No. 70, also known as the SAS-70 Report. This document, when read in conjunction with the Comprehensive Annual Financial Report (CAFR), provides the highest degree of transparency available to our members and the public.  The audit report is a universally recognized, in-depth audit of an organization’s control objectives and control activities regarding the agency’s information technology operations and related processes.  Given the uncertainty in today's economy and the insecurity associated with identity theft, service providers like the Pennsylvania Municipal Retirement System must demonstrate that we have adequate controls and safeguards in place for processing data belonging to our members.  The audit should go a long way in addressing any such concerns our members may have.