Louisiana Sheriffs Pension and Relief Fund
| Louisiana Sheriffs Pension and Relief Fund | |
 | |
| Basic facts | |
| Location: | Baton Rouge, Louisiana |
| Top official: | Willy Martin, president |
| Year founded: | 1946 |
| Website: | Official website |
| Total assets under management | |
| 2023: | $4,372,701,405 |
- See also: Public pensions in Louisiana
The Louisiana Sheriffs Pension and Relief Fund (LSPRF) is a Louisiana state pension fund that provides retirement, disability, and survivor benefits to the state's sheriffs and deputies in all parishes. LSPRF had $4,372,701,405 ($4.4 billion) in total assets under management as of January 3, 2022.[1]
The management of public pension funds can indicate support or opposition to environmental, social, and corporate governance (ESG) investment practices. ESG investing considers the extent to which corporations align with and promote certain non-financial standards, such as net carbon emission or corporate board diversity goals. States typically hire asset management companies (AMCs) to direct pension plan investments, some of which have ESG commitments that guide their strategies.
This article features the following sections:
- Background: Information about the structure and functions of LSPRF.
- Pension performance overview: Overview of the funding level and assets managed by LSPRF.
- Assets and asset management: Information about the asset management companies (AMCs) that contract with LSPRF, including a list of contracting AMCs that are participants in the Net Zero Asset Managers Initiative and the Climate Action 100+ initiative.
- Governance and accountability: Details about LSPRF's oversight board, including members and selection.
Background
- See also: Public pensions
The Louisiana Sheriffs Pension and Relief Fund (LSPRF), founded in 1946, invests the assets of and provides funding for the sheriffs and deputies in all Louisiana parishes. LSPRF operates as a defined benefit plan.[2]
Pension performance overview
The following table features information about the funding level and assets managed by the Louisiana Sheriffs Pension and Relief Fund as of January 3, 2022:[1]
| Louisiana Sheriffs Pension and Relief Fund pension performance (January 3, 2022) | |||
|---|---|---|---|
| Fiscal year | Percent funded | Unfunded liabilities | Total assets |
| 2021 | 99.68% | The unfunded liabilities were not listed in the January 2022 financial report. | $4,372,701,405 |
Assets and asset management
| Environmental, social, and corporate governance |
|---|
|
| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
Asset management companies (AMCs) are hired to manage asset investment for state pension funds across all 50 states.
As of October 2024, 330 AMCs were members of the Net Zero Asset Managers Initiative (NZAM), and 391 AMCs were investor participants in the Climate Action 100+ initiative. Both international asset manager initiatives aimed to align the investment decisions of signatories with the goal of achieving net zero greenhouse gas emissions by 2050.[3][4]
NZAM announced on January 13, 2025, that it was suspending operations and removing the commitment statement and list of signatories from its website. The group said in a statement it would reevaluate its plans and operations in light of “[r]ecent developments in the U.S. and different regulatory and client expectations in investors’ respective jurisdictions.”[5]
List of AMCs contracting with the Louisiana Sheriffs Pension and Relief Fund
Research regarding the AMCs contracting with the Louisiana Sheriffs Pension and Relief Fund is pending.
Governance and accountability
This section features information about the 16-member board of trustees that oversees the Louisiana Sheriffs Pension and Relief Fund (LSPRF). The board is specific to oversight of LSPRF and does not exercise oversight duties for other state funds.[2]
Board selection method
The board of trustees that oversees LSPRF is made up of 16 members. Fourteen members are elected and two legislators serve on the board ex-officio.[2]
Board of trustees membership
A 16-member board of trustees oversees the operation and administration of LSPRF. The following individuals served on the board as of July 2024:[6][7]
- Willy Martin, president
- Greg Champagne
- Richard Corbett
- Rebecca Hebert
- Victor Jones
- Wayne Melancon
- Ronald Morse
- Donald Rittenberry
- Jay Russell
- Joe Seymour
- Jeff Travis
- Wydette Williams
- Election Pending Retired Sheriff
- House Committee on Retirement Designee
- Senate Committee on Retirement Designee
- Election Pending Active Deputy
See also
- Public pensions in Louisiana
- Environmental, social, and corporate governance (ESG)
- Arguments about environmental, social, and corporate governance (ESG)
- Opposition to environmental, social, and corporate governance (ESG) investing
- Reform proposals related to environmental, social, and corporate governance (ESG)
- State legislative approaches opposing ESG investing
- State legislative approaches supporting ESG investing
External links
Footnotes
- ↑ 1.0 1.1 Louisiana Legislative Auditor, "Annual Financial Report Sheriffs Pension and Relief Fund June 30, 2021 and 2020," July 18, 2024
- ↑ 2.0 2.1 2.2 Louisiana Sheriffs Pension and Relief Fund, "Member Handbook, Revised March 2021," July 18, 2024
- ↑ The Net Zero Asset Managers Initiative, "The Net Zero Asset Managers Initiative," accessed January 26, 2023
- ↑ Climate Action 100+, "The Three Goals," accessed June 20, 2023
- ↑ Pensions and Investments, "Net Zero Asset Managers initiative to suspend activities in wake of BlackRock departure," accessed January 15, 2024
- ↑ Louisiana Division of Administration, "Sheriffs' Pension and Relief Fund Board of Trustees," July 18, 2024
- ↑ Louisiana Division of Administration, "Sheriffs' Pension and Relief Fund Board of Trustees Meeting Minutes," July 18, 2024
| |||||||||||||||||||||||
