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.


Tennessee American Water And Chambliss Center For Children Kick-Off Summer At Annual Pool Party

Tennessee American Water and Chambliss Center for Children kicked-off the summer season with a pool party for the children participating in the summer program. Tennessee American Water filled up the more than 35,000-gallon pool at no cost to Chambliss Center for Children. “Clean and reliable water is an essential life resource. We are committed to providing high quality water ... (click for more)

Hixson Dentist Awarded Tennessee Dental Association Fellowship

Dr. Michael R. Johnson, a Hixson dentist, received the prestigious Tennessee Dental Association (TDA) Fellowship Award during the recent Music City Dental Conference held in Nashville, the 149th annual meeting of the TDA. The Fellowship Award is presented to no more than twelve deserving Tennessee dentists each year who make noteworthy contributions of their time and talent toward ... (click for more)

Large Hole Develops In Lane Of I-24 Eastbound Over Chestnut Street; Emergency Repair Undertaken

A large hole developed in the I-24 eastbound bridge over Chestnut Street in Chattanooga on Sunday evening. Jennifer Flynn of TDOT said, "The hole is such that we are having to close a lane to protect traffic.  This will cause a significant backup in traffic, especially given the holiday.  "This is the same bridge, but different location that we recently did an emergency ... (click for more)

12 Lost Hikers Rescued At Rainbow Lake, Edwards Point

Eleven adults and a child were briefly lost at Rainbow Lake and Edwards Point trails on Signal Mountain on Sunday. A 911 call was made at 9:45 p.m. from one of the hikers reporting the group lost sunlight hiking out of the trails at Edwards Point. Th Signal Mountain Fire Department and the Walden's Ridge Emergency Services have responded to the scene to ... (click for more)

Parking Discrimination Downtown

Many taxpayers who reside in Chattanooga (but outside Chattanooga's core) feel left behind when it comes to neighborhood paving, sidewalks, policing, streetscaping, street sweeping, public transportation, and other services. Some think most tax dollars are spent on downtown and not in their neighborhoods. It's not as if they can't vicariously experience the largesse of downtown. ... (click for more)

Roy Exum: One Nameless Ghost

One hundred years ago the United States was at war. The most intense fighting during World War I was on what was called The Western Front. The Germans wanted to invade France from the north and in order to do it, they had to push through Flanders province in Belgium. It has been described as a hell unequalled in raw hand-to-hand combat, In just four months on Flanders fields, ... (click for more)