Jul 20, 2026Board meeting
City Of Chester Special Pension Board Special Pension Board Meeting
The meeting covered several key agenda items, including the appointment of legal counsel, discussion of the city's bankruptcy status and potential grievances, and the status of various Independent Medical Examinations. The board reviewed and approved professional fees, updated pension calculation methodologies for police, and authorized various pension administrative actions, including DROP plan rate adjustments for firemen, pension stops due to deaths, and the installation of surviving spouse benefits. Additionally, the board received a financial performance presentation from PNC and discussed upcoming mandates regarding COLA adjustments for retired fire and police officers.