Wyoming Law Enforcement Pension Plan
| Wyoming Law Enforcement Pension Plan | |
 | |
| Basic facts | |
| Location: | Cheyenne, Wyoming |
| Top official: | Tom Chapman, chair |
| Year founded: | 2002 |
| Active members: | 2,495 |
| Website: | Official website |
| Total assets under management | |
| 2024: | $888,793,032 |
- See also: Public pensions in Wyoming
The Wyoming Law Enforcement Pension Plan is a Wyoming state pension fund that provides retirement, disability, and survivor benefits to sheriffs and deputies, municipal police officers, investigators of the Wyoming livestock board, correctional officers, probation and parole agents, and state park rangers, as well as their families. The Wyoming Law Enforcement Pension Plan had $888,793,032 ($888.8 million) in total assets under management as of June 30, 2024.[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 Wyoming Law Enforcement Pension Plan.
- Pension performance overview: Overview of the funding level and assets managed by the Wyoming Law Enforcement Pension Plan.
- Assets and asset management: Information about the asset management companies (AMCs) that contract with Wyoming Law Enforcement Pension Plan, 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 Wyoming Law Enforcement Pension Plan's oversight board, including members and selection.
Background
- See also: Public pensions
The Wyoming Law Enforcement Pension Plan, founded in 2002, operates as a defined benefit plan based on a formula established by Wyoming state law, and is a subfund of the Wyoming Retirement System (WRS). These plans—based on the employee's length of service and salary—provide retirement, disability, and survivor benefits to sheriffs and deputies, municipal police officers, investigators of the Wyoming livestock board, correctional officers, probation and parole agents, and state park rangers, as well as their families.[1]
The Wyoming Law Enforcement Pension Plan served 2,495 active members and 3,576 retirees and beneficiaries as of 2024.[1]
Pension performance overview
The following table features information about the funding level and assets managed by the Wyoming Law Enforcement Pension Plan as of June 2024:[1]
| Wyoming Law Enforcement Pension Plan performance (June 2024) | |||
|---|---|---|---|
| Fiscal year | Percent funded | Unfunded liabilities | Total assets |
| 2024 | 84% | $169,276,453 | $888,793,032 |
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.[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 Wyoming Law Enforcement Pension Plan
The Wyoming Law Enforcement Pension Plan, as a subfund of the Wyoming Retirement System (WRS), contracted with 85 asset management companies (AMCs) as of June 10, 2024. Of those companies or funds, nine were investor participants in Climate Action 100+, and nine were members of NZAM as of October 2024. The following list identifies the AMCs (and in some cases, the specific funds) contracting with the Wyoming Law Enforcement Pension Plan:[5]
| Wyoming Law Enforcement Pension Plan asset management companies Click on a column header below to sort the list of asset managers. | |||||
|---|---|---|---|---|---|
| AMC name | Investment type | Assets under management | Percentage of total fund assets | NZAM Initiative signatory as of October 2024[6] | Climate Action 100+ signatory as of October 2024 |
| ALLIANCE CORE PLUS FIXED | Core Plus; | 136,610,439 | 1.271% | No | No |
| ALTUM CREDIT | Credit; | 167,849,003 | 1.562% | No | No |
| BEACH POINT CREDIT | Opportunistic Credit; | 170,491,071 | 1.586% | No | No |
| BRANDYWINE US FIXED INCO | Core Plus; | $146,246,215 | 1.361% | Yes | Yes |
| DIMENSIONAL US GOV’T | U.S. Government Debt; | 189,607,208 | 1.764% | No | No |
| DOUBLELINE US GOV’T | U.S. Government Debt; | 178,417,274 | 1.660% | No | No |
| INVESTMENT GRADE ETF | Core Plus; | 43,050,161 | 0.401% | No | No |
| PIMCO | Corporate Bonds; | 305,391,937 | 2.842% | No | No |
| SSGA US GOV. BOND | U.S. Government Debt; | 216,494,131 | 2.014% | No | No |
| MEADOWLARK FUND, L.P. | Private Debt; | 111,128,508 | 1.034% | No | No |
| KENNEDY LEWIS CAPTL PRTS | Private Debt; | 51,569,156 | 0.480% | No | No |
| JUNIPERUS INSURANCE FUND | Private Debt; | 44,788,287 | 0.417% | No | No |
| CARL MARKS ST OPPS III LP | Private Debt; | 41,592,209 | 0.387% | No | No |
| SILVER ROCK ONSHORE TAF | Private Debt; | 40,469,262 | 0.377% | No | No |
| PATHLIGHT CAP FUND II LP | Private Debt; | 37,316,374 | 0.347% | No | No |
| KSL COF II | Private Debt; | 22,199,787 | 0.207% | No | No |
| BENEFIT ST PTRS SSF II | Private Debt; | 16,714,626 | 0.156% | No | No |
| TENNENBAUM SR LOAN III | Private Debt; | 15,980,392 | 0.149% | No | No |
| KLCP DOMESTIC FD III LP | Private Debt; | 15,030,206 | 0.140% | No | No |
| TCI REAL ESTATE PTRS FD IV | Private Debt; | 13,777,689 | 0.128% | No | Yes |
| BENEFIT STREET PTRS DISL | Private Debt; | 6,996,820 | 0.065% | No | No |
| TCI REP III | Private Debt; | 6,608,108 | 0.061% | No | Yes |
| CARL MARKS STRATEGIC O | Private Debt; | 4,319,025 | 0.040% | No | No |
| CENTERBRIDGE CREDIT PT | Private Debt; | 3,109,698 | 0.029% | No | No |
| TENNENBAUM DEBT OPP FD | Private Debt; | 215,951 | 0.002% | No | No |
| KAYNE ANDERSON MEZZANI | Private Debt; | 129,571 | 0.001% | No | No |
| AB EAFE 100% USDHEDGED | Developed Market; | 44,448,267 | 0.414% | No | No |
| AB INTERNATIONALDVLPD MARK | Developed Market; | $98,607,921 | 0.918% | No | No |
| ALLIANCE BERNSTEIN MSCI US | US Equity; | 1,201,223,764 | 11.177% | No | No |
| BURGUNDY EUROPE | Developed Market; | 86,281,931 | 0.803% | No | No |
| BURGUNDY PACIFIC | Developed Market; | $79,185,149 | 0.737% | No | No |
| CANTILLON EQUITY | Developed Market; | 333,175,248 | 3.100% | No | No |
| CEVIAN CAP II | Developed Market; | 272,292,327 | 2.534% | No | No |
| EARNEST SMID CAP VALUE | US Equity; | $155,755,693 | 1.449% | No | No |
| HARDING LOEVNER EM | Emerging Market; | 131,103,713 | 1.220% | No | No |
| HIGHCLERE | Developed Market; | 70,967,822 | 0.660% | No | No |
| NEUBERGER BERMAN US SCI | US Equity; | 103,090,099 | 0.959% | Yes | Yes |
| NIKKO INTL EQUITY | Developed Market; | 82,173,267 | 0.765% | Yes | Yes |
| POLUNIN EMERGING MARKE | Emerging Market; | 132,224,258 | 1.230% | No | Yes |
| SILCHESTER INTL VALUE | Developed Market; | 155,008,664 | 1.442% | No | No |
| SSGA - MSCI EM | Developed Market; | 113,922,030 | 1.060% | No | No |
| VALUEACT CAPITAL | US Equity; | 231,205,693 | 2.151% | No | No |
| WCM FOCUSED INTL OPPORTU | Developed Market; | 107,198,763 | 0.997% | No | No |
| WELLINGTON NATURAL GAS ENERGY | US Equity; | 64,991,584 | 0.605% | Yes | Yes |
| WELLINGTON EMSCSE | Emerging Market; | $115,789,604 | 1.077% | Yes | Yes |
| ABBOTT II | Private Equity; | 366,369,453 | 3.409% | No | No |
| ABBOTT III | Private Equity; | 99,691,472 | 0.928% | No | No |
| ABBOTT PRIVATE EQUITY | Private Equity; | 408,379,465 | 3.800% | No | No |
| ADAMS ST CO-INV FUND V | Private Equity; | 14,881,290 | 0.138% | No | No |
| ADAMS STREET CO | Private Equity; | 27,523,801 | 0.256% | No | No |
| FOUNDRY 2022 LP | Private Equity; | $9,086,805 | 0.085% | No | No |
| GROVE STREET CLOUDVEIL | Private Equity; | 343,981,671 | 3.201% | No | No |
| HILLHOUSE CAPITAL HEALTH | Private Equity; | 14,222,826 | 0.132% | No | No |
| HILLHOUSE FC GRW FD V LP | Private Equity; | 18,832,075 | 0.175% | No | No |
| HILLHOUSE FUND V LP | Private Equity; | 13,959,440 | 0.130% | No | No |
| BRIDGEWATER-PURE ALPH | Diversifying; | 253,576,107 | 2.359% | No | No |
| DIAMETER DISLOCATION FND | Diversifying; | 50,795,850 | 0.473% | No | No |
| DORSAL CAPITAL PARTNERS | Diversifying; | 140,898,012 | 1.311% | No | No |
| DORSAL-DSOF | Diversifying; | 73,976,496 | 0.688% | No | No |
| FLAT FOOTED HYBRID | Diversifying; | 29,630,912 | 0.276% | No | No |
| GMO EQUITY DISLOCATION | Diversifying; | $110,460,816 | 1.028% | Yes | No |
| GMO SYSTEMATIC GM | Diversifying; | 107,638,825 | 1.002% | Yes | No |
| HILLHOUSE-GAOLING FUND | Long/Short Equity and Opportunistic; | 52,811,558 | 0.491% | No | No |
| JANCHOR OPPORTUNITIES III | Long/Short Equity and Opportunistic; | 8,869,117 | 0.083% | No | No |
| JANCHOR PAN ASIAN FUND | Long/Short Equity and Opportunistic; | 79,822,050 | 0.743% | No | No |
| JANCHOR PARTNERS OPP.US II | Long/Short Equity and Opportunistic; | 64,704,237 | 0.602% | No | No |
| LFL ADVISERS-MKT ALT | Long/Short Equity and Opportunistic; | 52,811,558 | 0.491% | No | No |
| MEREWETHER | Diversifying; | 107,638,825 | 1.002% | No | No |
| NAYA FUND | Long/Short Equity and Opportunistic; | 140,696,441 | 1.309% | No | No |
| PAG CHINA DISLOCATION FUND | Diversifying; | 34,065,471 | 0.317% | No | No |
| TCI-CHILDREN’S INV FUND | Long/Short Equity and Opportunistic; | 230,597,032 | 2.146% | No | No |
| URANIUM | Diversifying; | 163,473,945 | 1.521% | No | No |
| WIND RIVER FUND | Long/Short Equity and Opportunistic; | 237,047,299 | 2.206% | No | No |
| ZIMMER | Diversifying; | 76,596,916 | 0.713% | No | No |
| ALINDA INFRASTRUCTURE | Infrastructure; | 277,323 | 0.003% | No | No |
| BLACKSTONE BREP VIII | Real Estate; | 22,324,520 | 0.208% | No | No |
| CENTERSQUARE REIT FUND | Real Estate; | 148,367,931 | 1.381% | No | Yes |
| KAYNE ANDERSON KAREP III | Real Estate; | 693,308 | 0.006% | No | No |
| MORAN II | Real Assets; | 396,572,227 | 3.690% | No | No |
| MORAN REAL ASSET FD III | Real Assets; | 244,737,756 | 2.277% | No | No |
| MORAN REAL ASSET FUN | Real Assets; | 352,893,818 | 3.284% | No | No |
| MS PRIME PROPERTY | Real Estate; | 131,589,875 | 1.224% | No | No |
| ORION NATURAL RESOURCE | Nature Resources; | 23,849,798 | 0.222% | No | No |
| RIDGEWOOD ENERGY FD III | Nature Resources; | 30,089,571 | 0.280% | Yes | No |
| RIDGEWOOD ENERGY II | Nature Resources; | 35,220,051 | 0.328% | Yes | No |
Governance and accountability
This section features information about the 11-member board of trustees that oversees the Wyoming Retirement System (WRS). The board is not specific to oversight of the Wyoming Law Enforcement Pension Plan and does exercise oversight duties for other state funds.[1]
Board selection method
The board of trustees that oversees the Wyoming Law Enforcement Pension Plan is made up of 11 members:[1]
- the state treasurer
- two public employees
- two employees representing the public school system or higher education
- one retired member of WRS
- five qualified Wyoming electors not employed by any participating employer of WRS
Board of trustees membership
A 11-member board of trustees oversees the operation and administration of the Wyoming Law Enforcement Pension Plan. The following individuals served on the board as of June 2024:[1]
- Tom Chapman, chair
- Eric Nelson, vice chair
- Robert Leibrich
- John Lummis
- Tim Sullivan
- Paul O’Brien
- E. Jayne Mockler
- Dr. Lesley Travers
- Jeremy Smith
- Vicci Colgan
- Curt Meier
See also
- Public pensions in Wyoming
- 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 1.4 1.5 1.6 WYO.gov, Wyoming Law Enforcement Retirement Fund Actuarial Valuation Report for the Year Beginning January 1, 2024," accessed October 3, 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
- ↑ Note: NZAM announced on January 13, 2025, that it was suspending operations and removing the commitment statement and list of signatories from its website.
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