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2015 Top Headlines
Tennessee Treasury Department returned $40 Million in Unclaimed Property; $725 Million still waiting to be claimed in Tennessee
(November 10, 2015)
$40 Million of Unclaimed Property was returned to its rightful owners in FY 2015, a 53% increase from the year prior. Unclaimed property is money that has been turned over to the State by businesses and organizations who cannot locate the rightful owners. Every year, millions of missing dollars are turned over, and the Tennessee Treasury Department works to get that money back to where it belongs. In Tennessee, there is currently $725 Million in unclaimed property still waiting to be returned. ...more
TIPS Program Successful in Attracting Non-Traditional Savers
(August 26, 2015)
TNStars® 529 College Savings Program is pleased to announce the success of the first qualifying period for Tennessee Investments Preparing Scholars Program (TIPS). Introduced in September 2014, TIPS provides a 4-to-1 matching contribution for middle to lower income families who have set aside money in their child’s college savings account. TIPS applicants had from October through June 30, 2015 to open a new account and to save for the match. During the initial nine-month qualifying period, new TNStars® accounts were opened for 163 Tennessee children from families with an average household income of $33,196.14 per year thanks to the TIPS program. ...more
Governor Signs ABLE Legislation to Help Families and Individuals with Disabilities Save with Tax-free Earnings
May 19, 2015
Families of those with disabilities are now one step closer to saving more money for medical costs with tax-free earnings. Today Governor Haslam signed the Tennessee ABLE Act into Law, giving State Treasurer David H. Lillard, Jr. the authority to create and offer tax-advantaged investment plans to help families of those with disabilities save money for a variety of qualifying expenses. ...more
TNStars™ is the #1 College Savings Plan in the Country for 2014 Investment Performance
(February 19, 2015)
TNStars College Savings 529 plan has just been recognized as the top direct-sold plan in the nation. TNStars™ is a program of the Tennessee Department of Treasury. The number one ranking comes from SavingForCollege.org, who analyzes the investment performance figures for thousands of 529 portfolios and ranks the 529 savings plans from best to worst. The latest report released compares one-year investment performance as of December 31, 2014. TNStars™ investment options rank number one in the nation. more...
Read all 2015 news releases.
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Receiving and disbursing public funds.
Managing all State investments, including the pension fund.
Administering three major employee benefit programs, including the Tennessee Consolidated Retirement System, the Deferred Compensation Program, and the Flexible Benefits Plan.
Operating the Unclaimed Property, College Savings (Section 529 Plans), and Small and Minority-Owned Business programs.
Overseeing the risk management program and handling and adjudicating all claims made against the State.
To be faithful stewards of the state's financial and human resources. To be passionate about achieving our mission and living by our core values.
We will be a leader by providing exceptional service to our customers honestly, efficiently, and effectively.
Advisory Council on Workers' Compensation
State Trust of Tennessee Board of Directors
Baccalaureate Education System Trust (BEST) Board of Trustees
Chairs of Excellence Endowment (COE) Trust Board of Trustees
Collateral Pool Board
Interagency Cash Flow Committee
Investment Advisory Council
Investment Committee for Tennessee Consolidated Retirement System (TCRS)
Tennessee Consolidated Retirement System (TCRS) Board of Trustees
Tennessee Financial Literacy Commission
Tennessee Promise Scholarship Trust Fund