Aggregated Pension Fund Board Meeting | July 20, 2026

The City of Chester, PA Aggregated Pension Fund Board held a meeting on July 20, 2026, focusing primarily on pension fund administration and related financial matters. Key procurement-related discussions included the plan to issue a Request for Qualifications/Proposal (RFQ/RFP) for a permanent solicitor, with a draft expected by the next meeting in October. The board approved several pension-related financial transactions, including pension contribution reimbursements, pension stops due to death or court order, and installation of survivor spouse benefits, with specific dollar amounts noted for each. A motion was passed authorizing city personnel to approve certain routine pension transactions in advance of board ratification to improve efficiency. The board also discussed the impact of a new Pennsylvania state mandate for a cost-of-living adjustment (COLA) for firefighters, which will be reimbursed through gaming tax revenues. Additionally, the board scheduled a hearing for October 26, 2026, to address a pension disability case, emphasizing the need to resolve ongoing delays. Investment portfolio performance was reviewed, noting strong returns and recent adjustments to reduce technology sector exposure. Overall, the meeting addressed pension fund governance, contract planning for legal services, and financial approvals essential to pension administration.