TCRS administers pension and other benefits for most public employees in the state. The System maintains two plans: the State Employees, Teachers and Higher Education Employees Pension Plan (SETHEEPP), and the Political Subdivisions Pension Plan (PSPP). The System is part of the state treasury department. The state treasurer, who manages the system's assets, is elected by the general assembly.
Tennessee Consolidated Retirement System Basics, by Plan
Source: Public Plans Database (as of 2021)
Note: Tennessee Consolidated Retirement System has 0 other plans.
Assets
Assets at Year-End
Tennessee Consolidated Retirement System
2001-2021
| Fiscal Year |
Net Assets (billions) |
| 2001 |
23.7 |
| 2002 |
23.1 |
| 2003 |
23.8 |
| 2004 |
25.6 |
| 2005 |
27.2 |
| 2006 |
28.8 |
| 2007 |
32.4 |
| 2008 |
31.6 |
| 2009 |
26.4 |
| 2010 |
28.6 |
| 2011 |
33.7 |
| 2012 |
34.9 |
| 2013 |
37.6 |
| 2014 |
42.9 |
| 2015 |
43.2 |
| 2016 |
43.3 |
| 2017 |
47.0 |
| 2018 |
49.7 |
| 2019 |
52.1 |
| 2020 |
41.6 |
| 2021 |
31.7 |
Membership
Ratio of Actives to Beneficiaries, 2001-2021
| Fiscal Year |
Tennessee Consolidated Retirement System |
US State and Local Pensions |
| 2001 |
2.5 |
2.4 |
| 2002 |
2.4 |
2.3 |
| 2003 |
2.4 |
2.2 |
| 2004 |
2.3 |
2.1 |
| 2005 |
2.3 |
2.1 |
| 2006 |
2.2 |
2.0 |
| 2007 |
2.2 |
2.0 |
| 2008 |
2.1 |
1.9 |
| 2009 |
2.0 |
1.9 |
| 2010 |
1.9 |
1.8 |
| 2011 |
1.8 |
1.7 |
| 2012 |
1.7 |
1.6 |
| 2013 |
1.6 |
1.5 |
| 2014 |
1.5 |
1.4 |
| 2015 |
1.4 |
1.4 |
| 2016 |
1.4 |
1.4 |
| 2017 |
1.3 |
1.4 |
| 2018 |
1.3 |
1.3 |
| 2019 |
1.2 |
1.3 |
| 2020 |
1.2 |
1.3 |
| 2021 |
1.5 |
1.2 |
2021 Membership for Tennessee Consolidated Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 83,533 |
55,506 |
16,146 |
155,185 |
489 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Tennessee Consolidated Retirement System
2001-2021
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-284.6 |
23,738.2 |
| 2002 |
-311.3 |
23,069.6 |
| 2003 |
-316.9 |
23,757.0 |
| 2004 |
-373.8 |
25,586.5 |
| 2005 |
-220.6 |
27,216.3 |
| 2006 |
-272.9 |
28,820.6 |
| 2007 |
-246.1 |
32,366.0 |
| 2008 |
-301.8 |
31,634.1 |
| 2009 |
-406.4 |
26,369.2 |
| 2010 |
-487.4 |
28,574.2 |
| 2011 |
-439.6 |
33,663.3 |
| 2012 |
-550.6 |
34,912.8 |
| 2013 |
-692.5 |
37,564.9 |
| 2014 |
-819.7 |
42,905.2 |
| 2015 |
-972.5 |
43,243.9 |
| 2016 |
-1,080.9 |
43,306.2 |
| 2017 |
-1,140.9 |
47,014.3 |
| 2018 |
-1,145.9 |
49,722.6 |
| 2019 |
-1,243.6 |
52,134.6 |
| 2020 |
-1,274.5 |
41,603.3 |
| 2021 |
-767.7 |
31,660.9 |
2021 Cash Flows for Tennessee Consolidated Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 603.3 |
1,371.0 |
-9,174.7 |
-9,942.4 |
Cash Flow as a Percentage of Assets
Tennessee Consolidated Retirement System
2001-2021
| Fiscal Year |
Tennessee Consolidated Retirement System |
National Average |
| 2001 |
-1.2 |
-2.1 |
| 2002 |
-1.3 |
-2.4 |
| 2003 |
-1.3 |
-2.6 |
| 2004 |
-1.5 |
-2.0 |
| 2005 |
-0.8 |
-2.2 |
| 2006 |
-0.9 |
-2.2 |
| 2007 |
-0.8 |
-2.1 |
| 2008 |
-1.0 |
-2.3 |
| 2009 |
-1.5 |
-3.1 |
| 2010 |
-1.7 |
-3.2 |
| 2011 |
-1.3 |
-3.1 |
| 2012 |
-1.6 |
-3.3 |
| 2013 |
-1.8 |
-3.1 |
| 2014 |
-1.9 |
-2.9 |
| 2015 |
-2.2 |
-2.8 |
| 2016 |
-2.5 |
-3.0 |
| 2017 |
-2.4 |
-2.9 |
| 2018 |
-2.3 |
-2.6 |
| 2019 |
-2.4 |
-2.6 |
| 2020 |
-3.1 |
-2.4 |
| 2021 |
-2.4 |
-2.1 |
