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The New Orleans Firefighters’ Pension and Relief Fund (NOFFPF) provides retirement, disability, and survivor benefits for local firefighters. The entity had a prior history of poor investment performance, including consistently negative overall returns for several years and the use of alternative investments such as a local golf course, films, and hedge funds. In recent years, the NOFFPF showed signs of improved financial stability and governance. However, after years of poor performance, compounded by conflict between the NOFFPF and the City of New Orleans (City) over benefit obligations, the fund remained significantly underfunded compared to other public pension plans.

The New Orleans Office of Inspector General (OIG) conducted a review of the New Orleans Firefighters’ Pension and Relief Fund (NOFFPRF) policies and procedures for credit card transactions and expense reimbursements from January 1, 2010 through December 31, 2012. The objective of the review was to verify that the New Orleans Firefighters’ Pension Board (the board) had adequate internal controls over employee and board member credit card purchases and expense reimbursements and that those controls were operating effectively.

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