House Bill No. by Representative Hilferty amends and reenacts specific provisions of the Louisiana Revised Statutes regarding the New Orleans Firefighters' Pension and Relief Fund. The bill outlines eligibility criteria for retirement benefits based on the date of employment, specifying that firefighters hired between December 31, 1967, and December 31, 2014, must reach age 50 with at least 12 years of service; those hired between January 1, 2015, and August 15, 2016, must reach age 52; and firefighters hired after August 15, 2016, must attain the full retirement age as defined by federal law. The bill also details accrual rates for retirement benefits, which vary based on the date of hire and years of service, and establishes conditions for members who withdraw from service prior to retirement.

Additionally, the bill includes technical corrections to existing law, such as changing the phrasing from "enters the employ of" to "begins employment with" and clarifying the conditions under which members can receive retirement benefits or accumulated contributions upon withdrawal or death. The proposed changes aim to streamline the language and ensure clarity in the retirement process for firefighters in New Orleans, while maintaining the essential eligibility and benefit structures already in place.

Statutes affected:
HB31 Original: