CPERS is an independently governed component of the City of Baton Rouge and Parish of East Baton Rouge, State of Louisiana, established by Municipal and Parish Ordinance for the City Parish at Title 1, Chapter 3, Part IV, beginning with Sec. 1:250. The system is a multi-employer plan, although the City Parish is the largest employer. CPERS provides for regular retirement benefits, survivor benefits, disability benefits, and DROP benefits for eligible members and their survivors and beneficiaries. Its membership is in excess of 6,700 active and retired members and survivors. Retirement benefits are provided through a defined benefit plan, funded by employer and employee contributions and investment earnings. CPERS is governed by a seven (7) member board, including two members elected by members other than police or fire, one elected police service member, one elected fire service member, one appointed by the Mayor-President, and two persons with business and accounting experience appointed by the Metropolitan Council. As of June 30, 2021, CPERS held
$1,370,000,000 in assets. CPERS is the owner-occupant of its headquarters in downtown Baton Rouge. It currently employs a staff of 12 full-time employees.
LOCATION OF WORK
Retirement Department, St. Ferdinand St., Baton Rouge, Louisiana, parking provided
The Retirement Administrator serves as the chief administrative officer of CPERS and as the Secretary of the CPERS Board and is a non-Civil service permanent full-time employee. The Retirement Administrator reports directly to the CPERS Board of Trustees and plans, organizes, directs, and controls the overall management functions and day-to-day administration of CPERS in accordance with policies established by the Board. The work involves the responsibility of managing a retirement portfolio in excess of $1 billion dollars. In addition, the Retirement Administrator ensures all required accounting, investment and retirement records are accurate and complete for use by outside professionals, i.e., actuaries, auditors and legal counsel. The Retirement Administrator oversees an annual operating budget, net of investment manager fees, of approximately $1,760,000. Performs other work as requested by the Board.
ESSENTIAL WORK TASKS
Essential duties of the Retirement Administrator include the following:
1) Participates in all investment committee meetings, carries out the ultimate Board determinations regarding investments, reviewing and executing contracts, and monitoring and managing the retirement portfolio.
2) Coordinates activities of professional consultants, i.e., investment consultants, money managers, custodian banks, actuaries, auditors and legal counsel; evaluates these activities, makes recommendations and presents these activities to the Retirement Board of Trustees.
3) Supervises a moderate sized staff of professional and clerical employees, developing appropriate compensation strategies and evaluation procedures for the employees. Compensation strategies for employees are controlled by HR and not within CPERS.
4) Acts as representative of the Retirement System to the general public, Metropolitan Council and various governmental officials.
5) Prepares office policies and procedures.
6) Responsible for developing the Board agenda, with input from the Board members, ensuring all matters that need Board decision are referred for discussion and debate, and acts as the Board’s secretary. The Retirement Administrator provides information to the Board on all matters affecting the system and acts as the Board’s principal advisor and liaison on all matters of interest to the system.
7) Develops and oversees the annual budget.