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 | 14,255.9 | 167,057 | 97.0 | Tennessee Consolidated Retirement System | |
| TN State and Teachers | 50,406.1 | 370,518 | 98.9 | Tennessee Consolidated Retirement System | |
| Nashville-Davidson ERS | 3,965.9 | 26,095 | 96.1 | 122.8 | Nashville-Davidson Metropolitan Employees Benefit Trust Fund |
| Knox County Teachers | 41.5 | 359 | 80.5 | 269.7 | Knox County Teachers' DB Plan |
| Knox County Employees | 33.4 | 569 | 63.5 | 100.0 | |
| Knox County Police | 206.8 | 671 | 64.6 | 100.0 |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
| Fiscal Year | TN | US |
|---|---|---|
| 2001 | 2.5 | 2.9 |
| 2002 | 2.5 | 3.0 |
| 2003 | 2.4 | 3.4 |
| 2004 | 2.9 | 4.2 |
| 2005 | 2.2 | 3.8 |
| 2006 | 2.6 | 3.7 |
| 2007 | 2.9 | 3.9 |
| 2008 | 2.6 | 4.2 |
| 2009 | 2.9 | 4.4 |
| 2010 | 3.4 | 4.6 |
| 2011 | 3.5 | 4.9 |
| 2012 | 3.8 | 5.0 |
| 2013 | 3.3 | 5.2 |
| 2014 | 4.4 | 5.6 |
| 2015 | 3.7 | 5.8 |
| 2016 | 4.1 | 6.1 |
| 2017 | 6.6 | 6.1 |
| 2018 | 3.6 | 6.4 |
| 2019 | 3.7 | 6.2 |
| 2020 | 3.5 | 6.7 |
| 2021 | 2.9 | 6.3 |
| 2022 | 2.2 | 6.7 |
| 2023 | 4.2 | 6.9 |
| 2024 | 4.2 | 7.1 |