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The 112^th Tennessee General Assembly appropriated a historic one-time additional contribution of $250 million to the Tennessee Consolidated Retirement System (TCRS) State and Higher Education plan. The largest single contribution in the history of TCRS, this appropriation will further bolster the pension and help lower future recurring contributions.

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.

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.

Last week, The Pew Charitable Trusts published research that ranked the Tennessee as one of the best funded state pension programs in the country. A non-profit focused on non-partisan government research, Pew Charitable Trusts listed Tennessee, along with Wisconsin, South Dakota, and New York as best prepared to fulfil pension promises made to public employees.