New Orleans loses firefighter retirement battle

New Orleans loses firefighter retirement battle

New Orleans loses firefighter retirement battle

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wwltv.com

Posted on May 19, 2014 at 8:50 PM

NEW ORLEANS (AP) — The U.S. Supreme Court has refused to block state court rulings requiring the city of New Orleans to pay $17.5 million for its share of the fire department's retirement fund for 2010 through 2012.

The Landrieu administration stopped making full monthly payments to the fund in July 2010.

The administration said the city could not afford the payments, and argued that ambiguities in the law give the mayor discretion over the amount of the city contribution. City officials also have contended that poor investments by the Firefighters Pension Board have driven up the city's contribution amount.

The city had asked the U.S. Supreme Court to stay implementation of the state ruling while it prepared an appeal of the state court rulings. The city did not have a comment Monday afternoon.

 

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