TENNESSEE CONSOLIDATED RETIREMENT SYSTEM (TCRS)
TENNESSEE CONSOLIDATED RETIREMENT SYSTEM (TCRS)
Tennessee Consolidated Retirement System (TCRS)
TCRS is a defined benefit plan that provides a lifetime benefit at retirement once eligibility has been met. The benefit is based on a formula which includes salary and years of service
TCRS is one of the best funded defined benefit plans in the nation
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TCRS Statistics & Standings
? Provides benefits to more than 214,500 active members and over
153,913 retired members
? $46.8 billion held in trust for TCRS ? 6th best funded state pension plan ? Standard & Poor's, Moody's, and Fitch recognize Tennessee for fully
funding its annually actuarially-determined contribution every year since 1972
? Recipient of 2017 Public Pension Standards Award
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TCRS Investment Returns
18.00% 16.00% 14.00% 12.00% 10.00%
8.00% 6.00% 4.00% 2.00% 0.00%
16.65% 9.92%
11.42%
3.33% 2.79%
2013 2014 2015 2016 2017
Assumed Rate of Return is 7.25%
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What is RetireReadyTN?
? RetireReadyTN is the Tennessee Treasury Departments financial wellness initiative to assist State employees, teachers, higher education employees and local government entities that elect to participate, plan and save for a successful retirement in a comprehensive way.
? The State of Tennessee Retirement program consists of both a defined benefit pension plan ? the Tennessee Consolidated Retirement System (TCRS) and the Tennessee Deferred Compensation Program (a 401(k) Plan (including a Roth contribution feature) and a 457(b) Plan)
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Who are State of Tennessee Retirement Plan Members?
? State Employees ? Higher Education Employees
? State Teachers (K-12) ? Certain Judges/The Attorney General/District Attorneys
General/District Public Defenders ? Members of the General Assembly
***and*** -Local Government Entities That Elect To Participate-
? Cities ? Counties ? Special Districts
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