Upper Darby Township's Police Pension Zoom Meeting

The Upper Darby Police Pension Board of Trustees’ fourth-quarter meeting, identified in the transcript as October 12, 2026 (metadata lists October 13), included an investment report from CBIZ. The pension portfolio was valued at just over $140 million at the end of the third quarter, with an 8.91% annualized net return since CBIZ began working with the board, compared with a 7.25% assumed rate. The adviser reported a 65% equity/35% bond allocation, no recommended portfolio changes, and a year-to-date return of 8.58% as of the latest figures presented. The board also approved, by voice vote, a $500 payment to Karen Gavin for fourth-quarter secretarial services.

The board discussed transferring secretarial and pension-administration duties to Musgrove Associates, which expects to begin operations around November 1. The transition includes coordination with CBIZ and the Township, with monthly contribution reporting dependent in part on the Township’s payroll-system change; the existing process will continue in the interim. No new contract award or other procurement vote was reported. The board acknowledged two retirements and discussed a member’s departure from the Township; a separate matter was reserved for executive session.