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 | 155,185 | 99.9 | Tennessee Consolidated Retirement System | ||
| TN State and Teachers | 31,660.9 | 96.7 | 100.0 | Tennessee Consolidated Retirement System | |
| Nashville-Davidson ERS | 4,204.8 | 25,251 | 95.3 | 107.5 | Nashville-Davidson Metropolitan Employees Benefit Trust Fund |
| Knox County Teachers' DB Plan | 54.6 | 387 | 82.8 | 100.0 | Knox County Teachers' DB Plan |
Source: Public Plans Database (as of 2021)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
| Fiscal Year | TN | US |
|---|---|---|
| 2001 | 1.7 | 2.9 |
| 2002 | 1.6 | 3.0 |
| 2003 | 1.5 | 3.4 |
| 2004 | 0.6 | 4.2 |
| 2005 | 2.1 | 3.8 |
| 2006 | 0.7 | 3.7 |
| 2007 | 2.4 | 3.9 |
| 2008 | 0.7 | 4.2 |
| 2009 | 3.4 | 4.4 |
| 2010 | 1.7 | 4.6 |
| 2011 | 4.1 | 4.9 |
| 2012 | 1.9 | 5.0 |
| 2013 | 3.7 | 5.2 |
| 2014 | 1.4 | 5.6 |
| 2015 | 3.1 | 5.8 |
| 2016 | 2.9 | 6.1 |
| 2017 | 2.9 | 6.0 |
| 2018 | 4.2 | 6.4 |
| 2019 | 3.0 | 6.2 |
| 2020 | 1.9 | 6.6 |
| 2021 | 3.4 | 6.8 |