Louisiana State Police Retirement System Board of Trustees public meetings in 2024
6 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Louisiana State Police Retirement System Board of Trustees
The Louisiana State Police Retirement System Board of Trustees will meet on December 10, 2024, to consider and vote on the October 31, 2024 financial report and a benefits change report. The board will also review an investment flash report and may discuss potential litigation in executive session. Public comments will be heard at the start of the meeting.
- Approval of minutes and recommendations from the October 23, 2024 board meeting
- October 31, 2024 Investment Flash Report and Asset Allocation Chart
- October 31, 2024 Financial Report and check registers (action item)
- Potential litigation discussion in executive session
- Approval of Benefits Change Report (action item)
The Board authorized a $35 million commitment to the IFM Global Infrastructure Fund to meet a 5% target set by the Investment Policy Statement. The Board also approved the engagement of legal counsel for the Acadia Healthcare matter and accepted October 2024 financial reports.
- Approved $35 million commitment to IFM Global Infrastructure Fund
- Authorized engagement of Bernstein Litowitz Berger & Grossmann, LLP for Acadia Healthcare matter
- Approved Board Minutes from October 23, 2024
- Accepted financial reports and check registers as of October 31, 2024
- Approved Benefits Change Report for December 10, 2024
Louisiana State Police Retirement System Board of Trustees
The Louisiana State Police Retirement System Board of Trustees will vote on several action items, including the 2026 budget, the June 30, 2024 audit and actuarial reports, and a benefits change report. They will also discuss investment performance and potential 2025 legislation. The meeting includes public comments and approval of previous minutes.
- 2026 Budget Approval (action item)
- June 30, 2024 Audit Report (action item)
- June 30, 2024 Actuarial Report (action item)
- Approval of Benefits Change Report (action item)
- Potential Legislation 2025 (action item)
The Board approved the 2025-2026 budget, the 2024 Annual Report, and the June 30, 2024 audit and actuarial reports. Members also approved a legislative proposal for the 2025 session to allow troopers to transfer service time from other states to LSPRS.
- Approved August 28, 2024 Board Minutes
- Approved August 28, 2024 Investment Committee Minutes
- Accepted financial reports as of August 31, 2024
- Approved June 30, 2024 Audit Report
- Accepted June 30, 2024 Actuarial Report
- Accepted 2025-2026 Budget
- Accepted 2024 LSPRS Annual Report
- Approved 2025 legislation proposal for out-of-state service time transfer
Louisiana State Police Retirement System Board of Trustees
The Louisiana State Police Retirement System Board of Trustees will consider approving minutes from its June board meeting and July investment committee meeting, as well as the July 2024 financial report and check registers. The board will also vote on the proposed 2025 meeting schedule and a draft APA rule, and discuss a potential litigation matter in executive session.
- Approval of minutes from June 19, 2024 board meeting and July 24, 2024 investment committee meeting
- July 31, 2024 financial report and year-end comparison with check registers
- Approval of 2025 board and investment committee meeting schedule
- Proposed APA rule draft
- Administrative error – potential litigation (executive session)
The Board approved changes to election procedures to allow for potential runoff elections and attendance at LAPERS. Members also accepted the 2025 meeting schedule, financial reports, and an ADA compliance rule for meeting agendas.
- Approved Board Minutes from June 18, 2024
- Approved Investment Committee Minutes from July 24, 2024
- Accepted financial reports and check registers as of July 31, 2024
- Approved annual audit compliance questionnaire
- Approved 2025 LSPRS meeting schedule
- Accepted ADA compliance rule for meeting agendas
- Accepted APA election change rule to allow for runoff elections
- Approved August 28, 2024, Benefits Change Report in globo
Louisiana State Police Retirement System Board of Trustees
The Louisiana State Police Retirement System Board of Trustees will meet to consider several action items, including approval of minutes from prior meetings, a revised investment policy, and financial reports. The board will also discuss the 2024 legislative session and may enter executive session to discuss potential litigation and unclassified staff evaluations.
- Revised Investment Policy (action item)
- May 31, 2024 Financial Report and check registers (action item)
- Approval of Benefits Change Report (action item)
- Discussion of Potential Litigation (executive session)
- Unclassified Staff Evaluations (executive session)
Louisiana State Police Retirement System Board of Trustees
The Louisiana State Police Retirement System Board of Trustees will meet to approve minutes, financial reports, and the adoption of the LSPRS Strategic Plan. They will also discuss the 2024 legislative session, review investment performance, and conduct a performance review of the CIO in executive session. Action items include approval of the trustee handbook and a benefits change report.
- Approval of minutes from February 28, 2024 meeting
- Review of March 31, 2024 investment flash report
- Adoption of LSPRS Strategic Plan
- Approval of Benefits Change Report
- Executive session for performance review of CIO Doug Hanly
The Board adopted a new strategic plan and approved updates to the Trustee Handbook. Members also voted to remove specific liabilities from the 2023 evaluation based on actuarial recommendations and accepted March 2024 financial reports.
- Approved February 28, 2024 Board Minutes
- Accepted financial reports and check registers as of March 31, 2024
- Approved changes to the LSPRS Trustee Handbook
- Adopted the strategic plan
- Removed liability associated with filling the experience account from the 2023 evaluation
- Approved the April 24, 2024 Benefits Change Report in globo
Louisiana State Police Retirement System Board of Trustees
The Louisiana State Police Retirement System Board of Trustees will interview three finalist firms (UBS, Meketa, NEPC) for a new institutional investment consultant. The board will also elect a 2024 Chairman and Vice-Chairman, appoint committees, and consider approval of a benefits change report. Other items include a strategic plan presentation, a legislative update, and approval of prior meeting minutes and financial reports.
- RFP for Institutional Investment Consultant finalist interviews: UBS (2:00 pm), Meketa (2:30 pm), NEPC (3:00 pm)
- Election of 2024 Chairman and Vice-Chairman, and appointment of Investment and Executive Committees
- Approval of Benefits Change Report (action item)
- January 31, 2024 Financial Report and check registers (action item)
- 2024 Legislative Session update and joint meeting of Senate and House Retirement Committees
The Board selected Meketa as its new investment consultant following finalist interviews. The Board also voted to support Senate Bill 1 and oppose Senate Bill 5 regarding retirement system fiduciaries. Additionally, the Board elected its 2024 leadership and approved several financial and meeting reports.
- Appointed Meketa as the LSPRS investment consultant
- Elected Frank Besson as 2024 Board chairman
- Elected Kevin Marcel as 2024 Board vice-chairman
- Voted to support Senate Bill 1 (SB1) regarding service credit transfers
- Voted to oppose Senate Bill 5 (SB5) in its current form
- Approved financial reports as of January 31, 2024
- Approved Benefits Change Report for February 28, 2024
- Approved Board and Investment Committee minutes from December 13, 2023, and January 31, 2024