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The City of New Orleans

Mayor Mitchell J. Landrieu

Firefighters Pension Reform Working Group

Mayor Mitch Landrieu signed an executive order establishing the Firefighters Pension Reform Working Group Oct. 20, 2014. The group is an official mayoral advisory committee formed to address the need for a dignified, financially sustainable, and affordable retirement plan that would be fair to employees, retirees and taxpayers. The establishment of the working group ensures people who are responsible for paying the fund will ultimately have the authority to make changes to it.

Who we are 

The Firefighters Pension Reform Working Group is a nine-member group of city officials, firefighter representatives, and citizen representatives with expertise in key, relevant business fields such as accounting, finance, and risk management.
 
  • Andy Kopplin, First Deputy Mayor & Chief Administrative Officer for the City of New Orleans
  • Hon. Stacy Head, President of the New Orleans City Council
  • Timothy McConnell, Superintendent of the New Orleans Fire Department
  • Paul Mitchell, Jr., Deputy Director of the New Orleans Fire Fighters Pension & Relief Fund
  • Thomas F. Meager, III, Secretary-Treasurer of New Orleans Fire Fighters Pension & Relief Fund
  • Nick Felton, President of New Orleans Fire Fighters Association, Local 632
  • Hardy Fowler, an accountant and the former Managing Partner of KPMG New Orleans office
  • Scott Jacobs, an insurance and risk management professional 
  • Greg Rattler, Sr., the first Vice President of Government and Non-profit Banking at JPMorgan Chase in New Orleans

Paul Flower, President of Woodward Design-Build and Chairman of the Business Council of New Orleans & the River Region, will serve as a non-voting Chairman of the Working Group. 

What we do 

The Firefighter Pension Reform Working Group works to achieve the following goals and objectives:

  • Examine the current status of the Fund’s authorizing statutes, plans, governance procedure, policies and board structure.
    Review the current actuary's assumptions.
  • Examine and review the current structures of other governmental entities' pension funds, boards, authorizing legislation,  and  policies  to  identify  regional and national best practices, including comparing eligibility, benefits, and contributions to other public and private sector pension plans.
  • Make recommendations to the Mayor, the New Orleans City Council, the Louisiana Legislature, and the Board regarding plan design alternatives including changes to structure, benefits, contributions, and policies to position the Fund, the City, and firefighters to have a financially sustainable and affordable retirement plan into the future. Alternatives must provide employees and retirees with a dignified, sustainable, and affordable retiree benefits package that is fair to employees, retirees and taxpayers.
  •  Undertake actuarial analyses of the financial impacts of changes to various plan provisions, analyses of potential ramifications of any changes, and projections of the City's annual required contributions of the current benefit structure as well as under multiple alternative plan structures.
  • Facilitate meaningful discussions within the Working Group by a process adopted by the Working Group.
  •  Provide a report with final recommendations by February 1, 2015, in order for the City to have the opportunity to work with members of the Legislature to introduce legislation prior to the commencement of the 2015 Regular Session of the Louisiana Legislature.
  • Allow for public comment at all meetings of the Firefighters Pension Reform Working Group.

Mayor Landrieu said, “The City and the firefighters must have a financially sustainable and affordable retirement plan as we move into the future. The status quo is unacceptable. I am thankful to the Business Council for helping bring everyone to the table again to develop a path forward. The end result should ensure that the authority to make changes to the fund rests with the people to who are responsible for paying.  We must also find a way to provide employees and retirees with a dignified, sustainable, and affordable retiree benefits package that is fair to employees, retirees and taxpayers.” 

View press release: Mayor Landrieu Signs Executive Order to Create Firefighters Pension Reform Working Group

 
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Last updated: 6/2/2017 3:05:22 PM

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