Aggregated Pension Fund Board Meeting | April 21, 2025

The City of Chester, PA held its quarterly Aggregated Pension Fund Board Meeting on April 21, 2025. Key procurement-related discussions focused on the approval and ratification of pension payments, including a $15,000 accidental death and dismemberment insurance policy for police officers, which board members questioned due to unclear benefits and potential redundancy with state coverage. The board agreed to table further action on this insurance pending additional review. The meeting also addressed the ratification of pension stops and survivor benefits for deceased members, with concerns raised about the communication process for stopping payments and initiating survivor benefits. Additionally, the board discussed the solicitation process for a new pension board solicitor, noting that a firm expressed interest after the RFP period had closed, prompting consideration to reopen the RFP to attract qualified candidates. No contract awards or vendor selections were finalized during this meeting, but procedural improvements and future procurement actions were highlighted.