City must pay up in firefighter retirement fund battle - KSLA News 12 Shreveport, Louisiana News Weather & Sports

City must pay up in firefighter retirement fund battle

Updated:

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.

Deputy Mayor Any Kopplin released the following statement Monday evening:

"We fought this ruling in court because the judgment, combined with the impending costs related to the Sheriff's consent decree, will be devastating to the City's budget and could potentially lead to cutting critical City services. We are reviewing our options based on today's ruling."

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