The resolution 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 investigation is prompted by 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 only has a 14% funding ratio. The resolution highlights the need for a more sustainable pension plan for New Orleans firefighters and their beneficiaries, as the current system has varying eligibility requirements and accrual rates based on hire dates.

The resolution mandates that the actuary submit a report detailing the findings of the investigation, including the cost and feasibility of the proposed merger, to the House Committee on Retirement by December 31, 2025. This step is intended to ensure that firefighters in New Orleans receive a pension that is adequately funded throughout their lifetime and that of their survivors, aligning their retirement benefits with those of their counterparts in other municipalities across Louisiana.