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LA HR163
Resolution
Status
5/27/2025
Primary Sponsor
Stephanie Hilferty
Click for details
AI Summary
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Requests the legislative auditor's actuary to conduct an actuarial investigation into the cost and feasibility of merging New Orleans firefighters hired after a certain date into the statewide Firefighters' Retirement System
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The New Orleans Firefighters' Pension and Relief Fund has a funding ratio of only 14%, while the statewide Firefighters' Retirement System has over 81% funding as of June 30, 2024
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The statewide Firefighters' Retirement System, established January 1, 1980, serves 140 employers and over 8,500 members with uniform eligibility requirements and accrual rates
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The actuarial investigation report must be submitted to the House Committee on Retirement no later than December 31, 2025
Legislative Description
Requests the Firefighters' Retirement System to study the feasibility of merging members of the New Orleans Firefighters' Pension and Relief Fund hired after a certain date into the system
RETIREMENT/FIREFIGHTERS
Last Action
Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.
5/28/2025