Judge orders city to pay $17.5 million to NOFD's pension fund

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wwltv.com

Posted on April 8, 2013 at 7:11 PM

Updated Monday, Apr 8 at 8:20 PM

WWLTV.com
Email: webteam@wwltv.com | Twitter: @WWLTV

NEW ORLEANS -- The financially-strapped city of New Orleans has been hit with more bad news.

On Monday a judge ordered the city to pay $17.5 million to the fire department's 2012 pension fund.

Civil Court Judge Robin Giarrusso issued the judgment and ordered the city to pay immediately.

The ruling is just the latest in the city's long-running legal battle with the fire department over pensions and back pay.

Mayor Mitch Landrieu's office issued the following statement:

“The City is filing a motion for a new trial on the grounds that the ruling is contrary to the law and evidence. Currently, the Firefighters Pension Fund is threatening the City's budget and is costing the taxpayers too much. The system is only 40 percent funded, has high administrative costs, is not properly managed and has made poor investment decisions.  Mayor Landrieu is committed to ensuring the Firefighter's pension system is sustainable for both the firefighters and the City.   That's why we are proposing several bills this legislative session that  will make benefits more sustainable and  matches authority for decision-making with the responsibility for payment."

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