Upper Darby Township Fire Pension Board Meeting July 9, 2026

The Upper Darby Township Fire Pension Board held a meeting on July 9, 2026, primarily focused on investment portfolio updates and pension fund financial matters. Investment managers presented performance reports, noting a conservative fixed income strategy and a more aggressive equity allocation, with year-to-date returns ranging from approximately 6% to 9.5%. The board authorized payments totaling several thousand dollars to actuarial consultants, auditors, and secretarial services, with discussion clarifying cost-sharing arrangements between the township and pension trust. Additionally, the board discussed the issuance of a Request for Proposal (RFP) for a third-party administrator, agreeing to assign trustees and solicitors to review proposals and provide recommendations. Actuarial reports on pension cost projections, including potential cost of living adjustments and disability benefits, were reviewed, highlighting the financial impact on the Minimum Municipal Obligation (MMO). A motion related to pension proposals was made but resulted in a deadlock vote. The meeting concluded with plans to address outstanding audit questions in future sessions.