Louisiana State Police Retirement System
| Louisiana State Police Retirement System | |
 | |
| Basic facts | |
| Location: | Baton Rouge, Louisiana |
| Top official: | Col. Robert Hodges, board chair |
| Year founded: | 1938 |
| Active members: | 903 |
| Website: | Official website |
| Total assets under management | |
| 2023: | $ 1,096,817,781 |
- See also: Public pensions in Louisiana
The Louisiana State Police Retirement System (LSPRS) is a Louisiana state pension fund that provides retirement, disability, and survivor benefits to Louisiana's state police officers and their beneficiaries. LSPRS had $ 1,096,817,781 ($1.1 billion) in total assets under management as of June 30, 2023.[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 LSPRS.
- Pension performance overview: Overview of the funding level and assets managed by LSPRS.
- Assets and asset management: Information about the asset management companies (AMCs) that contract with LSPRS, 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 LSPRS's oversight board, including members and selection.
Background
- See also: Public pensions
The Louisiana State Police Retirement System (LSPRS), founded in 1938, invests the assets of and provides funding for the retirement of Louisiana's state police officers and their beneficiaries. It operates as a defined benefit plan.[2]
LSPRS served over 903 active members and approximately 1,395 retirees and beneficiaries as of June 30, 2023.[2]
Pension performance overview
The following table features information about the funding level and assets managed by the Louisiana State Police Retirement System as of June 30, 2023:[1]
| Louisiana State Police Retirement System pension performance (June 30, 2023) | |||
|---|---|---|---|
| Fiscal year | Percent funded | Unfunded liabilities | Total assets |
| 2023 | 76.42% | $338,420,447 | $ 1,096,817,781 |
Assets and asset management
| Environmental, social, and corporate governance |
|---|
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| • 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 State Police Retirement System
The Louisiana State Police Retirement System (LSPRS) contracted with 30 asset management companies (AMCs) or specific funds as of July 31, 2022. Of those companies, three were investor participants in Climate Action 100+, and seven were members of NZAM, as of 2024. The following list identifies the AMCs (and in some cases, the specific funds) contracting with LSPRS:[6]
- Blackstone BTAS V
- Blackstone Private Credit
- Blackstone Strat Ptnrs IX
- Brandes Equity Trust
- Brandywine Global (NZAM, Climate Action 100+)
- Brookfield SREP III (NZAM)
- Carlyle
- Entrust Cap Div Fund
- Fisher Investments SCV (Climate Action 100+)
- Hancock Timber
- Ivy Investments SCG
- JPMCB Strat Prop Fund
- KKR NAXIII
- Loomis Sayles Com Trust
- MSCI ACWI xUS
- Orleans Capital
- PAPEF IX
- PAPEF VI
- PAPEF VIII
- PRISA Real Estate
- PRISMA Hedge Fund
- SS S&P 500 Index Fund
- SSGA Agg Bond Index Fund (NZAM)
- SSGA R1000 Value (NZAM)
- SSGA S&P400 (NZAM)
- T Rowe Lg Cap Growth (NZAM)
- Templeton Int'l
- The Campbell Group
- Vontobel
- Wellington Int'l (NZAM, Climate Action 100+)
Governance and accountability
This section features information about the 11-member board of trustees that oversees the Louisiana State Police Retirement System (LSPRS). The board is specific to oversight of LSPRS and does not exercise oversight duties for other state funds.[7]
Board selection method
The board of trustees that oversees LSPRS is made up of 11 members. The board comprises 11 members, including a member of the House Committee on Retirement and the chairman of the Senate Committee on Retirement; the state treasurer; the commissioner of the Division of Administration; the superintendent of the Office of State Police; three representatives of the membership; one surviving spouse representative; and the presidents of the Louisiana State Troopers Association and the Central State Troopers Association.[7][8]
Board of trustees membership
An 11-member board of trustees oversees the operation and administration of LSPRS. The following individuals served on the board as of July 2024:[7]
- Col. Robert Hodges, board chair
- Kevin Marcel, vice chair
- Taylor Barras
- Thurman Miller
- Sen. Ed Price
- Doris Prudhomme
- Speaker Phillip Devillier
- John Fleming
- Hackley Willis
- Alan Verhoef
- Bryan Zeringue
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 LSPRS, "Annual Funding Valuation June 30, 2023 Louisiana State Police Retirement System," July 23, 2024
- ↑ 2.0 2.1 LSPRS>org, "Our History," July 23, 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
- ↑ Ballotpedia, "Ballotpedia: Asset management data for state-administered pension funds across the 50 states," March 2023
- ↑ 7.0 7.1 7.2 LSPRS, "Board of Trustees," July 23, 2024
- ↑ Law.justia.com, " LA Rev Stat § 11:181 (2023)," July 23, 2024
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