About the Treasury

Enriching Lives, Leading the Way

We strive to provide exceptional leadership to enhance Tennessee’s financial resources and help grow the per capita income of families in Tennessee.

collage of families and individuals, smiling

Treasury serves all Tennesseans by helping to educate and empower them to make smart financial choices, and by providing public- serving programs in the areas of college savings, financial literacy, unclaimed property, criminal injuries compensation, risk management, and more.

We work to fulfill our mission and vision every day to benefit citizens across Tennessee!

Our mission

To invest in the well-being of Tennesseans through exceptional financial leadership, management, service and education

Our vision

To enrich the lives of Tennesseans as a national leader in public financial stewardship

How we achieve our mission and vision

Financial Leadership

Tennessee mountains at sunrise

Investments

The Tennessee Department of Treasury’s Investment Division is comprised of 36 professionals with extensive education, professional training, and 36 professional designations to manage its investments. The department achieves investment returns consistent with its peers while maintaining an investment expense that is among the lowest in the southeast.

Download the Treasurer's Report Visit Investments

Of every $100 paid to retirees by TCRS, $68.17 was made through investment earnings.

Tennessee Promise Endowment Trust

Established by the 108th General Assembly, Tennessee Promise provides students a last-dollar scholarship to cover tuition and fees not covered by the Pell grant, the HOPE scholarship, or TSAA funds.

As of June 30, 2022, the Tennessee Promise Endowment Trust has a market value of $759.1 million.

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Service and education

RetireReadyTN component flags

Protecting Retirement for Tennesseans

Treasury protects the retirement of more than 233,000 current state and higher education employees, K-12 teachers and employees of participating local governments, as well as more than 150,000 retirees.

TCRS paid $2.96 billion in retirement benefits last year. 92% of all TCRS retirees remain in Tennessee.
These retirement benefits have an economic impact in all 95 counties!

call center representative

Call center performance (FY 2022)

RetireReadyTN Plan Advisors conducted 19,875 one-on-one retirement readiness meetings and 545 group meetings, along with the following call-center performance:

Total calls answered
169,886
Answered within 90 seconds
93%
Average call score
4.53 out of 5

Financial Education

The Tennessee Financial Literacy Commission (TNFLC) strives to equip Tennesseans with the resources they need to make sound financial decisions when planning, saving, and investing.

  • 11,200+ enrollments in the Financial Empowerment Resource Library
  • 4,850+ educators trained in TNFLC educational programs
  • 42,321 students trained in The Vault — Understanding Money program

Discover financial education

teacher educating class on financial education with financial sketches on the whiteboard

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Achieving a Better Life Experience Tennessee (ABLE TN)

One of the nation’s first ABLE programs to launch, ABLE TN provides a valuable resource to help individuals with disabilities save for future expenses.

At the end of fiscal year 2022, ABLE TN account holders had saved more than $35.4 million in 3,084 accounts. Learn more about ABLE TN

FY 2021: $34M
FY 2020: $20.9M

Collage of citizens and representatives holding up TNStars 5-year anniversary signs, collage in shape of the state of Tennessee

TNStars college savings

The TNStars College Savings 529 Program helps families save money for college expenses by offering high quality investment options at a low cost.

Helping Tennessee families save over $251 million for college

TNStars ended fiscal year 2022 with $251.6 million in assets across 23,447 funded accounts.

Discover TNStars college savings

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TIPS logo - Tennessee Investments Preparing Scholars

TIPS 4-to-1 matching grant for college

The Tennessee Investments Preparing Scholars (TIPS) program encourages families to save for the growing costs associated with post-secondary education by offering a 4-to-1 matching grant incentive.

Learn more about TIPS

Service to the public

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Unclaimed Property

The Tennessee Treasury’s Unclaimed Property Division serves as a consumer protection program working to reunite this money with its rightful owner.

The Department returned 50337 claims, resulting in $57.6 million paid to claimants in fiscal year 2022!

Discover Unclaimed Property

Criminal Injuries Compensation Fund

The Criminal Injuries Compensation (CIC) Program provides financial assistance that defrays the costs of medical services, loss of earnings, burial costs, and other pecuniary losses to either an innocent victim of a crime or to the dependents of a deceased victim.

Discover the Criminal Injuries Compensation Fund

Members of Treasury staff participated in Domestic Violence Awareness Month by wearing purple.

Members of Treasury staff participated in Domestic Violence Awareness Month by wearing purple.

Financial management for the state

Claims and Risk Management

The responsibilities of the Division of Claims and Risk Management include:

  • Protecting the financial integrity of all State-owned assets
  • Maintaining a safe working environment for state employees and the general public
  • Making determinations on claims made against the State Workers’ Compensation by state employees
  • Employee property damage and tort liability
  • Claims filed for Criminal Injuries Compensation, Sexual Assault Forensic Examination Reimbursement and the Electronic Monitoring Indigency Fund

legal books with gavel

As of June 2022, the insured property value for the State was $31.4B.

Tennessee State Capitol Building

Responsibilities of the Division of Claims and Risk Management also include:

  • Cyber Incident Response Plan (CIRP)
  • Electronic Monitoring Indigency Fund
  • Workers' Compensation
  • Tort Liability and Employee Property Damage

Discover Claims and Risk Management

$103.9 B
Top 5
91.1%
$1.28B

About the Treasury

Enriching Lives, Leading the Way

Department Reports

Boards and Commissions

Contact Us

Media inquiries

Shelli King, Director of Communications

(615) 532-8025

Shelli.King@tn.gov

Mailing Address

Tennessee Department of Treasury
Division of Communications
Andrew Jackson Building, 15th Floor
502 Deaderick Street
Nashville, TN 37243-0248