State Treasurer David Lillard Reelected

Wednesday, January 11, 2017
David H. Lillard, Jr.
David H. Lillard, Jr.

A Joint Convention of the 110th General Assembly on Wednesday reelected David H. Lillard, Jr. by acclamation to a fifth term as Tennessee state treasurer. The state treasurer is a constitutional officer elected by the General Assembly for a two-year term. In his official capacity, Treasurer Lillard oversees the Tennessee Treasury Department and its more than 270 employees. The Treasury Department internally manages over $55 billion in state and local government funds.

Treasurer Lillard has championed issues of financial literacy and strives daily find new ways to improve the financial lives of Tennesseans. Since first elected in 2009, he has worked with the Treasury Department to provide Tennesseans with financial tools needed to lead a better quality of life.
Among his first steps as treasurer, he worked with the General Assembly to create the Tennessee Financial Literacy Commission and the TNStars 529 College Savings Program. A top direct-sold college saving plan, TNStars has been nationally ranked for investment performance consistently since 2014. The Tennessee Financial Literacy Commission has worked to incorporate the nationally recognized Financial Fitness for Life curriculum into K-8 classrooms across the state. This has been achieved by training more than 3,500 Tennessee teachers, pilot programs with three Tennessee school systems and by offering an online interactive financial literacy game as a free resource.
 
Last year, Treasury opened ABLE TN, Tennessee’s own Achieving A Better Life Experience program, a new resource to help those with disabilities plan and save for the future. Tennessee is one of the first states in the nation to offer these savings accounts. In just seven months, more than 680 people have opened ABLE TN accounts, and have saved more than $2.4 million to help individuals with physical and/or mental disabilities pay for future qualified expenses.
 
Under Treasurer Lillard’s leadership, the Treasury Department proposed, and the 108th General Assembly enacted, reforms to the Tennessee Consolidated Retirement Systems (TCRS), the state defined benefit pension plan. These reforms created a hybrid plan with cost controls effective for state, higher education and K-12 teachers hired on or after July 1, 2014. The restructured plan has been recognized as an aggressive, innovative reform that substantially reduces the costs to the state while providing a sufficient and sustainable benefit for State and higher education employees, K-12 public school teachers and employees of electing local government entities. At the end of the FY16 fiscal year, TCRS was valued at more than $43.3 billion and recognized by major credit ratings agencies as one of the highest funded public employee defined benefit retirement systems in the nation.
 
“It has been an honor to serve our state as Treasurer for the last eight years. With the support of the General Assembly, the Treasury Department has been able to accomplish many great things for our state,” said Treasurer Lillard. “I am honored to serve a fifth term and grateful to the General Assembly for the opportunity to continue to serve Tennessee as a faithful steward of our state’s financial and human resources.”
 
Treasurer Lillard is an active advocate nationally on the importance of sound management on financial issues. He is the immediate past president of the National Association of State Treasurers (NAST) and was elected president of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) in August 2016. Both of these organizations bring together officials responsible for the financial management of state governments from across America.



Police Kick In Door To Find Man Still Beating Much-Smaller Woman

Police responding to a call of a man beating a much smaller woman on Sunday found the attack still underway when they arrived. An officer had to kick in a door to rescue the battered victim. Francisco Rodolfo Cortez, 23, was charged with aggravated assault, aggravated sexual battery, especially aggravated burglary and interference with an emergency call.  In the early ... (click for more)

Alexander Says Premiums Would Begin To Fall Under Health Care Bill Before Senate; Perdue Says "Obamacare Isn't Working"

Lamar Alexander (R-Tenn.) today released the following statement on the Congressional Budget Office’s (CBO) report on the draft Senate health care bill: "The Congressional Budget Office report is helpful information for every senator to consider as we review the draft Senate bill and look at how it will affect our states. "I'm encouraged that CBO says premiums would ... (click for more)

Dennis Norwood: Through The Lens, My Early 4th Of July

Our wonderful nation’s birthday, the 4th of July, came early for me this year. Always one of my favorite holidays, perhaps it’s tied to that fact that my birthday is on Flag Day, this year’s early observance was extra special. The day was this past Sunday, June 25, and it came about as my wife and I attended a concert by our very favorite Christian artist, Sandi Patty, at Abba’s ... (click for more)

Roy Exum: The Deadly ‘Holy Trinity’

If you have grown tired and calloused to America’s horrifying opioid epidemic, please consider what the epidemic has become. A report last week found that, in the United States, emergency room cases including opioid abuse jumped a staggering 99 percent between 2009 and 2014. It is believed that last year over 60,000 Americans died from drug overdoses and – far worse – more than ... (click for more)

Former UTC Assistant Football Coach Suspended At ETSU After Threatening To Hang Residence Inn Clerk

A former UTC assistant football coach has been suspended at ETSU after police said he threatened to "hang with a noose" a clerk at the Residence Inn on Chestnut Street. Jeffrey Brumett, 35, was charged with assault, disorderly conduct and public intoxication. In the incident on Friday night, police were told by the clerk and by witnesses that Brumett was angry because his ... (click for more)

Cleveland High School Selects Joey Knox As Head Wrestling Coach

Cleveland High School has selected Joey Knox as the next head coach for the Blue Raider Wrestling program.  Coach Knox has been with the wrestling program as an assistant since 2013.  During his assistant coaching tenure, the team has secured six Team State Championships, including five individual State Champions and 20 State Medalists.    Cleveland High ... (click for more)