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Missouri Sheriffs' Retirement System
| Missouri Sheriffs' Retirement System | |
 | |
| Basic facts | |
| Location: | Jefferson City, Missouri |
| Top official: | J. Kent Oberkrom, chair |
| Year founded: | 1983 |
| Active members: | 115 |
| Website: | Official website |
| Total assets under management | |
| 2023: | $ 38,472,452 |
- See also: Public pensions in Missouri
The Missouri Sheriffs' Retirement System is a Missouri state pension fund that provides retirement, disability, and survivor benefits to the state's elected and appointed sheriffs. The Missouri Sheriffs' Retirement System had $38,472,452.31 ($38.5 million) in total assets under management as of December 31, 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 the Missouri Sheriffs' Retirement System.
- Pension performance overview: Overview of the funding level and assets managed by the Missouri Sheriffs' Retirement System.
- Assets and asset management: Information about the asset management companies (AMCs) that contract with Missouri Sheriffs' Retirement System, 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 the Missouri Sheriffs' Retirement System's oversight board, including members and selection.
Background
- See also: Public pensions
The Missouri Sheriffs' Retirement System, founded in 1983, invests the assets of and provides funding for the sheriffs’ pension plan. The Missouri Sheriffs’ Retirement System operates as a defined benefit pension plan based on a formula established by Missouri state law. This plan—based on the employee's length of service and salary— provides retirement, disability, and survivor benefits to the state's sheriffs and their families.[1]
The Missouri Sheriffs' Retirement System served over 115 active members and approximately 147 retirees and beneficiaries as of March 2024.[1]
Pension performance overview
The following table features information about the funding level and assets managed by the Missouri Sheriffs' Retirement System as of December 31, 2023:[1]
| Missouri Sheriffs' Retirement System pension performance (December 31, 2023) | |||
|---|---|---|---|
| Fiscal year | Percent funded | Unfunded liabilities | Total assets |
| 2023 | 31.52% | $ 17,708,777 | $ 38,472,452.31 |
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.[2][3]
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.”[4]
List of AMCs contracting with the Missouri Sheriffs' Retirement System
Research Pending[5]
Governance and accountability
This section features information about the five-member board of directors that oversees the Missouri Sheriffs' Retirement System. The board is specific to oversight of the Missouri Sheriffs' Retirement System and does not exercise oversight duties for other state funds.[6]
Board selection method
The board of trustees that oversees the Missouri Sheriffs' Retirement System is made up of five members. The members of the board are active sheriffs and members of the Sheriffs’ Retirement System and are elected by active and retired sheriffs in a secret ballot vote. The board must contain one retired member, but not more than two. The board members elect the chairman and vice chairman from among themselves. Members of the board serve four year terms and are not financially compensated except for necessary expenditures for authorized board activities.[6]
Board of trustees membership
A five-member board of trustees oversees the operation and administration of Missouri Sheriffs' Retirement System. The following individuals served on the board as of October 2023:[6]
- J. Kent Oberkrom, chair
- Jim Arnott, vice chair
- Kenny Jones
- Dwayne Carey
- Kevin Bond
See also
- Public pensions in Missouri
- 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 1.2 1.3 Missouri Sheriffs’ Retirement System, 2023 Sheriffs’ Retirement Annual Report, accessed October 4, 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
- ↑ 6.0 6.1 6.2 Missouri Sheriffs’ Retirement System, Board of Directors, accessed October 4, 2024
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