Upper Darby Township Police Pension Board Meeting July 13, 2026

The Upper Darby Township Police Pension Board held its quarterly meeting on July 13, 2026. The board reviewed the investment report presented by CBiz INR, highlighting strong portfolio performance with a 9.14% average annual return since 2012 and notable gains in 2025 and year-to-date 2026. The board discussed pension benefit statements, terminations, and the impact of recent legislation on cost-of-living adjustments (COLA) for retirees, noting that any additional COLA payments would require collective bargaining and ordinance amendments. The board authorized payments totaling $24,952 for professional services, including legal, actuarial, and secretarial support. A key procurement decision was the approval of Musgrove Associates as the new third-party administrator (TPA) for the pension plan, with a contract including a $26,000 setup fee and $6,000 monthly fee. The board agreed to proceed with contract finalization and transition planning, with a follow-up to negotiate potential travel cost reductions. The meeting also acknowledged several recent resignations and the passing of a retired detective.