Communications

Press Room Archives

View all recent press releases published by the Department of Treasury

Media Contact: Shelli King, Director of Communications

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Tennessee Consolidated Retirement System named in Top 3 best-funded State Pensions by Pew Charitable Trusts

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The Tennessee Consolidated Retirement System (TCRS) has once again been recognized nationally as one of the best-funded state pension programs in the country. In a recent report, Pew Charitable Trusts, a nonprofit focused on non-partisan government research, listed Tennessee, along with New York and South Dakota, as best prepared to fulfill pension promises made to public employees.

Tennessee Consolidated Retirement System’s FY20 investments out-earn pension peers, despite challenging economy

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The Tennessee Consolidated Retirement System (TCRS) finished the 2020 fiscal year with 4.94% investment return. The portfolio earned nearly 10% in the last quarter of fiscal year 2020, rebounding from a low in March and exceeding earnings of peer state pension systems, despite an ongoing economic downturn due to the COVID-19 pandemic.

Celebrate 529 Day with the Tennessee Department of Treasury by understanding ‘Why Tennesseans save for college’

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The Tennessee Department of Treasury annually recognizes 529 Day to raise awareness of the importance of saving for a child’s future education. May 29 is nationally recognized as 529 College Savings Plan Day, and TNStars is exploring statewide ‘Why Tennesseans save for college.’

Nearly $1 Billion waiting to be claimed online through Tennessee Treasury’s Unclaimed Property Division

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During these challenging times, many Tennesseans can use some extra money. For hundreds of thousands of Tennesseans who have unclaimed property, discovering missing money can be as simple as searching our online database for your name, and submitting a claim through the Unclaimed Property Division.

Tennessee Treasury Unclaimed Property on the Road to Reunite Tennesseans with Missing Money Throughout the State

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The Tennessee Department of Treasury, Unclaimed Property Division, is traveling to events across the state to reunite Tennesseans with missing money. Last fiscal year, the Division returned a record-breaking 62,549 claims, resulting in $65.4 million returned to Tennesseans.

Tennessee Treasury Director Named Risk Management All Star

Treasury is proud to announce that Rodney Escobar has been named a 2019 Risk All Star by Risk & Insurance magazine.

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The Tennessee Treasury Department is proud to announce that Rodney Escobar, Director of the Division of Claims and Risk Management, has been named a 2019 Risk All Star by Risk & Insurance magazine for his work in revamping the State’s workers’ compensation program. Of the nine people named on the Risk All Star list, Escobar is the only government employee recognized this year.

Improving the Financial Outlook for Tennessee’s Children

September is College Savings Month, a time to encourage families to save and invest for the future costs of higher education.

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As your State Treasurer, my job is to responsibly manage our state’s financial resources. My personal goal is to lead all Tennesseans toward sound financial management in their own lives. I believe the key to improving the financial outlook of Tennesseans begins with getting our young people on the path to post-secondary education which helps qualify them to enter the 21st-century workplace that Tennessee needs. That path begins with saving.

TNStars Giving Away Three $529 Scholarships for College Savings Month

Tennessee residents age 21 and older can enter the scholarship giveaway online at TNStars.com/scholarship on behalf of a child 15 or under, now through September 30, 2019.

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Governor Lee has issued a proclamation declaring September as College Savings Month in Tennessee. To celebrate, State Treasurer David H. Lillard, Jr. and the TNStars College Savings 529 Program are giving away three $529 scholarships this month.

Treasurer Lillard Appointed to Financial Accounting Foundation Board

Tennessee State Treasurer David H. Lillard, Jr. has been appointed to the Board of Trustees of the Financial Accounting Foundation.

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Tennessee State Treasurer David H. Lillard, Jr. has been appointed to the Board of Trustees of the Financial Accounting Foundation.

In the decade he has served as one of Tennessee’s three constitutional officers, Treasurer Lillard has worked to advocate for Tennessee through his financial leadership roles in national organizations. He served as President of the National Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) in 2016-2017, and was a recipient of the 2012 NASACT President’s Award recognizing outstanding service. In 2015, he served as the President of the National Association of State Treasurers (NAST). He has represented NAST on the Governmental Accounting Standards Advisory Council (GASAC).