Aggregated Pension Fund Board Meeting | October 20, 2025

The City of Chester, PA Aggregated Pension Fund Board held a meeting on October 20, 2025, primarily focused on pension-related approvals and updates. The board approved pension refunds for police and fire personnel and vested pension calculations for a retiree, Matthew Goldmith, while deferring decisions on disability pensions for officers Frank and Todd Rose pending further hearings and additional documentation. Legal counsel advised on the need for formal hearings with stenographic records to ensure proper adjudication of disability claims. The board also received an investment strategy update from PNC, highlighting positive portfolio performance, diversification efforts including increased allocation to AI and technology investments, and expectations of continued market growth supported by Federal Reserve rate cuts. No new contracts or procurement actions were discussed during the meeting.