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.


Supreme Court Says DA’s Improper Argument, Withholdin?g of Evidence Violated Defendant’?s Constituti?onal Rights

The Tennessee Supreme Court has ordered a new trial for Noura Jackson, a Shelby County woman convicted of the second-degree murder of her mother, Jennifer Jackson, because the Court found there were constitutional errors made in the course of the proceedings. The Court explained that during the 2009 trial, the lead prosecutor impermissibly commented upon the defendant’s exercise ... (click for more)

Tennessee Unemployment Rate Increases In July

County unemployment rates for July 2014, released Friday, show the rate increased in 86 counties, decreased in five, and remained the same in four counties. Davidson County had the state’s lowest major metropolitan rate in July at 6.3 percent, up from 6.0 in June. Knox County was 6.6 percent in July, up from 6.3 in June. The Hamilton County July rate was 7.8 percent, up from ... (click for more)

Boy, 16, To Face Murder Charges In Criminal Court On Triple Lookout Valley Slayings

A Lookout Valley youth who was 15 at the time of his alleged involvement in a massacre in the valley will stand trial as an adult. Jacob Allison, who is now 16, was taken by the sheriff's office to the Hamilton County Jail after a transfer hearing in Juvenile Court on Friday morning. Juvenile Court Judge Rob Philyaw said under state law he has jurisdiction over rehabilitation ... (click for more)

Justin Wilkins Selected As Deputy Chief Of Staff For Mayor Berke

Native Chattanoogan Justin Wilkins will serve as Mayor Andy Berke's deputy chief of staff, it was announced Friday. Mr. Wilkins has spent the last several years serving as the Tennessee state director for multiple advocacy and electoral organizations, including Organizing for America and Organizing for Action. Prior to that, he worked as project manager at Profit Plans LLC ... (click for more)

Black Creek TIF Decision-Who Guards The Hen House? - And Response

Citizens of Chattanooga were invited to give public comment before their own Industrial Development Board Aug. 15. They arrived to find foxes guarding their hen house.  Many thought the meeting was their opportunity to seek redress in the ill-conceived Black Creek Tax Increment Financing plan. However, they learned it was a sham orchestrated by both the past and present ... (click for more)

Roy Exum: Let’s ‘Pay It Forward’

At 7 a.m. on Wednesday morning, this at a Starbucks coffee store located at 2186 Tyrone Blvd. in St. Petersburg, Fla.,  an unidentified woman who was first in line at the drive-through window, politely told the drive-through window clerk she would like to “pay it forward.” The clerk checked the next order – it was a caramel macchiato – and the first customer paid for both her ... (click for more)