At the Louisiana Legislature meeting on May 15, 2025, a significant discussion arose regarding potential conflicts of interest within the Firefighters Retirement System. Gregory Koehring, the actuary representing four retirement systems in the state, raised concerns about his role on a committee that addresses critical issues affecting these systems.
Koehring highlighted that past mergers within the state have relied on funds from the insurance premium tax, which could create a conflict for him as a voting member. He expressed his discomfort with participating in votes that could impact his other clients, stating, "I would not be comfortable voting on anything because of the conflict I have with three other clients that would be affected by it."
In light of these concerns, Koehring requested to be removed from the committee, suggesting that he would prefer to provide information and advice without the burden of voting. This request underscores the importance of transparency and ethical considerations in managing retirement systems, particularly when multiple stakeholders are involved.
The discussion reflects ongoing efforts to ensure that decisions made by the committee are free from conflicts of interest, which is crucial for maintaining trust and integrity in the management of public retirement funds. As the meeting concluded, the implications of Koehring's request were clear: careful consideration of committee composition and potential conflicts will be essential in future discussions.