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2011 Archived News

(November 22, 2011) Treasurer Lillard Praises Investment Performance Chairs of Excellence Trust Fund

At a time when state dollars are declining as a percentage of overall funding for higher education, the Chairs of Excellence Trust earned over $56 million during the last two years to fund endowed chairs of excellence at Tennessee colleges and universities. more...


(August 9, 2011) Response from Treasurer Lillard Concerning the Impact of the Recent US Credit Downgrade on the Collateral Program

Tennessee Code Annotated 9-4-103 lists the acceptable collateral to secure all public deposits in Tennessee.  The recent action taken by Standard and Poor’s to downgrade the credit rating of the United States and certain government agencies from AAA to AA+ does not have any impact on the securities that are acceptable collateral. more...


(August 2011) CHECK FRAUD SCAM ALERT LOCAL GOVERNMENT INVESTMENT POOL

Important Notice to Consumers, Banks and Others The Tennessee Treasury Department has become aware of a recent work-from-home scam utilizing the Internet classified website, Craigslist.com, and possibly other Internet sites, e-mails and other solicitations. The scam uses fraudulent checks that appear to be written by the Treasury Department’s Local Government Investment Pool with a Nashville, Tennessee address. The Tennessee Treasury Department does not issue or honor these fraudulent checks for payment. You can find further information on how to protect yourself from these scams and to report suspicious activity at: http://www.ic3.gov/media/2010/WorkAtHome.pdf


(June 15, 2011) Tennessee Takes Lead in Financial Literacy Education

Thanks to the work of the General Assembly, State Treasurer David H. Lillard, Jr. said Tennessee has become a national leader in financial literacy education almost overnight. more...


(June 14, 2011) Treasurer Lillard Praises Cash Flow Monitoring Law

Treasurer David H. Lillard, Jr. expressed gratitude to Rep. Curtis Johnson for sponsoring legislation that will allow better monitoring of state government’s spending plans. The legislation (SB 1571/HB 1891) was recently signed into law by Gov. Bill Haslam. more...


(April 6, 2011) The State Pays Tribute to the History of Tennessee State Treasurers and the Treasury Department

Serving as Tennessee’s state treasurer is a challenging job.

For example, consider the plight of Hill McAlister, who had the dubious honor of serving in the office during the Great Depression.

Then there was James B. Walker Sr., who fell ill not long after becoming treasurer in the 1950s and turned to his son, James B. Walker Jr., for help. more...

Singer Jimmy Wayne to Accept Donation from State Treasury Employees
(February 17, 2011)

Last year, country music singer Jimmy Wayne walked 1,700 miles to raise awareness of homeless youths and teenagers who are “aging out” of the foster care system once they reach the age of 18. Today he will be walking up the steps of the Tennessee State Capitol to support the same cause. more...


(February 2011) TCRS Executive Director Jill Bachus Featured in Tennessee County Services Association's Tennessee County News

("Jill Bachus Heading State Retirement System" by Tim Maddox. Tennessee County News. January - February 2011, Vol. 34, No. 1, page 10. Published with permission from Tennessee County Services Association.)

When Jill Bachus assumed the role of executive director of the state's retirement system, the Tennessee Consolidated Retirement System (TCRS), in 2005 she took on the responsibility of helping manage the nearly 250,000 members currently enrolled in a system that pays out in excess of $1.5 billion a year in benefits. View article...

To view the complete January - February 2011 issue of the Tennessee County News, please visit the TCSA's website.


(January 12, 2011) Treasurer Lillard, Comptroller Wilson Re-Elected to New Two-Year Terms

By unanimous voice votes, the Tennessee General Assembly re-elected Treasurer David H. Lillard, Jr. and Comptroller Justin P. Wilson to new two-year terms in office Wednesday. more...


(January 5, 2011) State Receives Insurance Reimbursement for Last May's Flooding Losses


imageThe State of Tennessee has received reimbursement for a large portion of last May's flooding damage that was covered by private insurance. Treasurer David H. Lillard, Jr. received a $7.5 million check this week from Greg Dobson of Lexington Insurance Company. more...

 

 

Photo: Treasurer Lillard (right) receives a $7.5 million insurance check to cover flooding damages from James O'Dell, senior vice president for Risk Management Services (left), and Gregory Dobson, property manager for Risk Management Services (center).

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