> New Orleans’ pension fund “significantly underfunded,” audit finds
New Orleans’ pension fund “significantly underfunded,” audit finds
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Description
A new audit finds New Orleans’ pension fund “significantly underfunded,” raising concerns about the city’s ability to deliver promised retirement benefits.
The report comes as City Council prepares for 2026 budget hearings, where tough decisions may be needed to close an estimated $100 million deficit.
WWL's Rachel Handley explains.