# Versorgungswerk der Landtage

Versorgungswerk der Landtage is a Pension Fund based in Düsseldorf, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Düsseldorf, Germany
- **Region:** Europe
- **Address:** Düsseldorf, Nordrhein-Westfalen, Germany
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.versorgungswerk-landtage.de
- **LinkedIn:** linkedin.com/company/versorgungswerk

## Regulatory record

- **Reports private funds:** No

## About

The Versorgungswerk der Landtage was established in 2005 by the State Parliament of North Rhine-Westphalia to provide old-age and survivor pensions exclusively for its members. Brandenburg joined the common fund in 2014, followed by Baden-Württemberg in 2019/2020, creating a rare cross-state pension vehicle for elected legislators. The fund functions as a public corporation with self-administration, managing its assets independently to meet long-term benefit obligations. The fund's portfolio is divided between real estate and capital investments, all domiciled within Germany. Its real estate holdings include mixed-use properties, reflecting a conservative allocation strategy appropriate for a statutory pension scheme. On the capital-markets side, the fund deploys into German fixed-income instruments and public equities, avoiding the alternative-asset complexity common among larger sovereign or corporate pension pools. This domestic-only, income-oriented posture reflects the fund's statutory mandate and the political sensitivity of investing legislative retirement assets. Governance rests with a board chaired by Sven Wolf, an SPD politician who served in the North Rhine-Westphalian Landtag from 2010 to 2025. The fund's administrative operations run from Düsseldorf. In May 2024, Wolf was re-confirmed as chairman, continuing the fund's pattern of direct legislative oversight. The fund participates in the aba, Germany's professional association for occupational pensions, signaling engagement with broader industry standards despite its narrow membership base. The fund's structural differentiator lies in its membership: it serves only elected state parliamentarians across three non-contiguous German states. This creates a singular risk pool—low mortality volatility from a small, politically defined group—and a governance model where the beneficiaries are also the ultimate legislative overseers. No comparable cross-state parliamentary pension fund operates elsewhere in Germany, making its architecture a unique governance case in European public-pension design.

## Sectors

- Real Estate
- Public Markets
- Fixed Income

## People

- Sven Wolf — Chairman of the Board

## Questions

### Who runs investment decisions at the Versorgungswerk der Landtage?

Investment decisions are overseen by the board, chaired by Sven Wolf, a member of the North Rhine-Westphalian Landtag. The fund's self-administration structure means elected parliamentarians directly supervise asset allocation, with day-to-day management handled internally from the Düsseldorf office.

### Which state parliaments participate in the fund?

Three: North Rhine-Westphalia (founding member, 2005), Brandenburg (joined 2014), and Baden-Württemberg (joined 2019/2020). No other German states have since joined, making this a closed, three-state arrangement.

### What does the fund invest in?

The portfolio is split between German real estate—predominantly mixed-use properties—and capital investments concentrated in domestic fixed-income and public equity instruments. The fund does not disclose allocations to private equity, venture capital, or international markets.

### How is the fund related to the individual state parliaments?

The fund is a legally independent public corporation, not a department of any state parliament. Each participating parliament acts as a business partner, and board members are drawn from among sitting legislators, ensuring direct beneficiary control.

### How is the Versorgungswerk governed?

Governance rests with a board chaired by a sitting NRW parliamentarian—currently Sven Wolf of the SPD. The board operates under self-administration principles, with representatives from each participating state overseeing actuarial, investment, and benefits decisions.

## Related profiles

- [Versorgungswerk der Architektenkammer Sachsen](https://altss.com/profile/versorgungswerk-der-architektenkammer-sachsen)
- [Versorgungswerk der Rechtsanwälte im Lande Hessen](https://altss.com/profile/versorgungswerk-der-rechtsanw-lte-im-lande-hessen)

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Last updated: 2026-06-28T22:10:33.146Z

Canonical page: https://altss.com/profile/versorgungswerk-der-landtage

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