House Resolution No. urges the actuary for the legislative auditor, in collaboration with the actuaries of two retirement systems, to conduct an actuarial investigation regarding the potential merger of members from the New Orleans Firefighters' Pension and Relief Fund into the Firefighters' Retirement System. This request arises from the significant disparity in funding ratios between the two systems, with the Firefighters' Retirement System achieving over 81% funding status, while the New Orleans fund stands at only 14%. The resolution emphasizes the need for a sustainable pension plan for New Orleans firefighters and highlights the inconsistencies in retirement eligibility and accrual rates based on hire dates within the current system.

The resolution mandates that the actuary complete the investigation and report findings on the cost and feasibility of the proposed merger to the House Committee on Retirement by December 31, 2025. This initiative aims to ensure that firefighters in New Orleans receive a more secure and actuarially sound pension throughout their lifetimes and that the retirement plans are standardized across the board.