House Resolution No. urges the actuary for the legislative auditor, in collaboration with the actuaries of the Firefighters' Pension and Relief Fund and the Firefighters' Retirement System, to conduct an actuarial investigation. This investigation will assess the cost and feasibility of merging members of the New Orleans Firefighters' Pension and Relief Fund, specifically those hired after a certain date, into the Firefighters' Retirement System. The resolution highlights the significant disparity in funding ratios between the two systems, with the Firefighters' Retirement System achieving over eighty-one percent funding status, while the New Orleans fund stands at only fourteen percent.

The resolution emphasizes the need for a sustainable and actuarially sound pension plan for New Orleans firefighters and their beneficiaries, given the varying eligibility requirements and accrual rates within the current system. It mandates that the actuary submit a report detailing the findings of the investigation to the House Committee on Retirement by December 31, 2025, ensuring that the legislative body is informed of the potential benefits and implications of such a merger.