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New Orleans firefighter pension fund improves after years of dubious investments, report finds

nola.com Matt Sledge

 

After years of losing money on risky ventures, the New Orleans firefighters pension fund is making sounder investments, according to a new report from Inspector General Ed Michel’s office.

Yet while it’s climbing out of its financial hole, the pension fund still hasn’t met all of its promises in a 2015 legal settlement with the city over funding, such as creating an advisory board and providing semi-annual reports to the City Council, the IG said.

 

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