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 |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2023
Fiscal Year | TN | US |
---|---|---|
2001 | 2.9 | 2.9 |
2002 | 2.6 | 3.0 |
2003 | 2.6 | 3.4 |
2004 | 3.3 | 4.2 |
2005 | 2.4 | 3.8 |
2006 | 3.0 | 3.7 |
2007 | 2.3 | 3.9 |
2008 | 3.1 | 4.2 |
2009 | 2.9 | 4.4 |
2010 | 3.6 | 4.6 |
2011 | 3.5 | 4.9 |
2012 | 4.0 | 5.0 |
2013 | 3.4 | 5.2 |
2014 | 4.0 | 5.6 |
2015 | 3.3 | 5.8 |
2016 | 4.0 | 6.1 |
2017 | 3.1 | 6.0 |
2018 | 4.5 | 6.4 |
2019 | 3.4 | 6.2 |
2020 | 3.3 | 6.6 |
2021 | 2.6 | 6.3 |
2022 | 1.5 | 6.7 |
2023 | 4.1 | 6.6 |