Tennessee’s State Pension Fund Rated Best In Nation For Investment Strategy

Tuesday, March 19, 2013

Tennessee Consolidated Retirement System (TCRS), the state’s retirement fund for state government, higher education and other public employees, is managing its investments better than any other large public pension plan in the country, according to Money Management Intelligence, a publication featuring news, trends and analysis about and for institutional investors.

TCRS, which is part of the Tennessee Treasury Department, was recognized as the Large Public Plan of the Year during Money Management Intelligence’s 12th Annual Public Pension Plan Awards for Excellence banquet in Huntington Beach, California. Public pension plans were evaluated based on their innovativeness and investment performance.

The large public pension fund category included 87 funds across the country with total assets of $10 billion or more.

“This is an important honor and I commend Michael Brakebill, our Chief Investment Officer, and all members of the investment division staff for the fine work that they do, day in and day out,” Treasurer David H. Lillard, Jr. said. “These are very challenging times for investors. However, the Treasury Department investment division finds a way to maximize returns on the funds invested in TCRS. This award is a reflection of their skill and dedication.”

TCRS is the retirement system for about 210,500 active employees and 122,500 retirees. TCRS currently has about $38 billion in total assets.

The investment division includes a staff of 27. Of that total, 14 are chartered financial analysts, which is the highest level of professional attainment in investment professionals.


Transportation Coalition Releases Interactive Map Of Tennessee's Road/Highway Needs

The Transportation Coalition of Tennessee has posted a new, interactive Web page showing nearly 400 unfunded state road/highway projects. The Web page is part of the coalition's ongoing education initiative to highlight transportation infrastructure funding problems. "The unfunded projects come to nearly $8 billion," said Susie Alcorn, executive director of the Tennessee Infrastructure ... (click for more)

GDOL To Help Lake Winnepesaukah Hire Workers Next Week In Rossville

The Georgia Department of Labor  will help Lake Winnepesaukah recruit more than 25 part-time employees to fill weekend jobs at the amusement park in Rossville. After Aug. 7, the park will be open only on weekends until Oct. 31, when it will close for the season. The recruitment will be held Wednesday, Aug. 12, from 2-7 p.m. in the amusement park located at 1730 Lakeview ... (click for more)

Sheriff Watson Offers To Send Team To Colorado To Help With Search For Cleveland's Joe Keller; Active Search Suspended

Bradley County Sheriff Eric Watson has offered to send a Special Response Team, as well as other resources, to help Colorado authorities, who have suspended their search for 19-year-old Joseph Keller. He noted, "Joe Keller is a well-known young man who has lived in the Bradley County area, and disappeared while on a run in Conejos County, Colorado recently. " Sheriff ... (click for more)

Major AT&T Outage Strikes Chattanooga, Surrounding Areas; Verizon, T-Mobile Also Experience Outages In Tennessee, Kentucky, Alabama

When AT&T subscribers tried to use their cell phones in North Georgia this afternoon, they got a message saying “Emergency Calls Only.”  On Signal Mountain, a terse “Network Busy” message popped up when they tried to use their phones.  They are not alone.  According to news reports in The Tennessean in Nashville and numerous other news sources, AT&T ... (click for more)

In Agreement With Rep. Womick's Bill

I agree wholeheartedly with the bill by Rep. Womick that county clerks only marry couples of the opposite sex, but I doubt that the present Supreme Stupids would change the position of the court and fear that the time, energy and money spent to defend a legal action brought by the liberal supporters of the present state of the law would be for nothing.  There is a higher ... (click for more)

Roy Exum: A Very Silly Apology

It didn’t get a lot of attention, as well it should not have, but when I heard Japanese giant Mitsubishi was offered an apology for heinous war crimes that took place during World War II, I thought it was an ill-conceived publicity stunt. But, no, in a solemn ceremony last month hosted by the Museum of Tolerance at the Simon Wiesenthal Center in Los Angeles, that is exactly what ... (click for more)