Civic IQ
FINANCIAL_SERVICESAMENDED

City Adopts Fixed Contribution Policy in Pension CEA

The City of New Orleans executed Amendment No. 2 to its Cooperative Endeavor Agreement with the firefighters’ pension fund and union, adopting a fixed $48 million annual contribution in 2024 that grows 2% each year until the plan reaches full funding. The amendment replaces the prior actuarially determined contribution method in the CEA for the New Fund.

Document date · December 31, 2025

Issuing agencyBeauregard Parish Fire District #3VendorCity of New Orleans

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Amendment No. 2 effective as of date of execution by the City in 2025; funding policy effective January 1, 2024
Renewal
Amendment No. 2 amends and restates Article I, Section A(2)(a)-(e) of the CEA to use a fixed contribution schedule for the New Fund, superseding the earlier actuarially determined contribution methodology while leaving other CEA provisions in effect.
Document type
Report
Source document
Louisiana Legislative Auditor Report on Firefighter Pension Merger

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Beauregard Parish Fire District #3?

City of New Orleans was awarded this financial services contract by Beauregard Parish Fire District #3, as recorded on December 31, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Louisiana Legislative Auditor Report on Firefighter Pension Merger (Report), dated December 31, 2025 from Beauregard Parish Fire District #3. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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