October 29th, 2026 Retirement Board Meeting

The Northampton County Retirement Board met on October 29, 2026, followed by discussions concerning the county’s OPEB and other trust funds. A retiree asked the board to restore medical coverage for retirees’ spouses and consider a cost-of-living adjustment (COLA), arguing that the current arrangements diminish retirement benefits. The board discussed a proposed 4.2% COLA and an estimated $14.08 million increase in the actuarially determined contribution, alongside existing unfunded liabilities and the county’s budget process. Members clarified that the COLA was for discussion only under Act 96; no COLA vote was taken. The board approved the retirement summary and set proposed 2027 meeting dates.

The investment report listed the pension plan’s September 30 market value at about $584.1 million, with a year-to-date return of 7.83%; the OPEB trust was valued at about $57.5 million. The board also reviewed the other trust’s performance and market value. No procurement activity, contract awards, or vendor selections were identified.