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Allentown pension trustees approve $3.1 million rebalancing across police, fire and O&E funds
Summary
The Allentown City Pension Board voted to adopt rebalancing proposals for the Police, Fire and O&E plans, shifting allocations within U.S. equity and fixed-income holdings and moving cash into shorter-duration instruments. The motion passed on a roll-call vote; Trustees also approved the proposal en bloc.
Trustee John Strobula moved that the board adopt the rebalancing proposals for the Police, Fire and O&E pension plans as presented in the meeting materials dated May 20, 2025; Trustee Bina Patel seconded the motion. The board carried the rebalancing en bloc by roll-call vote with the members present voting yes and one member absent.
The rebalancing items presented by Pat, investment consultant with Marquette, proposed targeted partial redemptions from broad U.S. equity ETFs into more defensive equity strategies and additions to the bond ladder rather than extending maturities. For the Police plan, Marquette proposed a $1,000,000 redemption from the Vanguard Total Stock Market fund into Vanguard Equity Income. For the Fire plan…
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