Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
TN Political Subdivisions | 11,020.0 | 148,849 | 100.7 | Tennessee Consolidated Retirement System | |
TN State and Teachers | 41,114.6 | 301,318 | 96.7 | 100.0 | Tennessee Consolidated Retirement System |
Nashville-Davidson ERS | 3,255.0 | 24,641 | 95.1 | 109.3 | Nashville-Davidson Metropolitan Employees Benefit Trust Fund |
Knox County Teachers' DB Plan | 53.6 | 410 | 83.3 | 100.0 | Knox County Teachers' DB Plan |
Source: Public Plans Database (as of 2019)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018
Fiscal Year | TN | US |
---|---|---|
2001 | 2.5 | 2.9 |
2002 | 2.3 | 3.0 |
2003 | 2.4 | 3.4 |
2004 | 2.4 | 4.2 |
2005 | 3.1 | 3.8 |
2006 | 3.1 | 3.7 |
2007 | 3.4 | 3.9 |
2008 | 3.5 | 4.2 |
2009 | 3.6 | 4.4 |
2010 | 3.7 | 4.6 |
2011 | 4.2 | 4.9 |
2012 | 4.1 | 5.0 |
2013 | 4.1 | 5.2 |
2014 | 4.2 | 5.6 |
2015 | 4.0 | 5.8 |
2016 | 4.2 | 6.1 |
2017 | 3.9 | 6.0 |
2018 | 5.6 | 6.4 |