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LA HB31
Bill
Status
2/28/2025
Primary Sponsor
Stephanie Hilferty
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AI Summary
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Amends R.S. 11:3384 and 3386 to make technical corrections throughout the New Orleans Firefighters' Pension and Relief Fund statutes
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Replaces outdated language such as "enters the employ of" with "begins employment with" and corrects grammatical inconsistencies
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Maintains existing retirement eligibility requirements: 12 years of service plus age 50 (hired 1967-2014), age 52 (hired 2015-Aug 2016), or Social Security full retirement age minus 10 years (hired after Aug 2016)
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Preserves current accrual rates: 2.5% base rate with 3.33% for service beyond 12 years for older hires, 2.75% for mid-tier hires, and 2.5% for newest hires
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Makes no substantive changes to benefits, contribution requirements, withdrawal provisions, or survivor benefits
Legislative Description
Provides relative to retirement for all hires in the Firefighters' Pension and Relief Fund in the city of New Orleans (OR NO IMPACT APV)
RETIREMENT/LOCAL
Last Action
Read by title, under the rules, referred to the Committee on Retirement.
4/14/2025