House Resolution No. by Representative Hilferty urges the Firefighters' Retirement System (FRS) to establish a committee tasked with studying the feasibility and costs associated with merging members of the New Orleans Firefighters' Pension and Relief Fund, specifically those hired after a certain date, into the FRS. The resolution highlights the significant disparity in funding ratios between the two systems, with the FRS achieving over 81% funding status compared to just 14% for the New Orleans fund. It emphasizes the need for a more sustainable pension plan for New Orleans firefighters and their beneficiaries.

The proposed committee will include key stakeholders such as the chair of the FRS Board of Trustees, the chair of the New Orleans Firefighters' Pension and Relief Fund, the mayor of New Orleans, and a member of the City Council. The committee is expected to convene by July 1, 2025, and must submit a report detailing its findings and recommendations for potential legislation by December 31, 2025. Importantly, committee members will not receive compensation for their service, and meetings will adhere to the Open Meetings Law.