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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