Tennessee General Assembly Makes Historic $250 Million Contribution To TCRS Wednesday, May 12, 2021
The 112th Tennessee General Assembly appropriated a historic one-time additional contribution of $250 million to the Tennessee Consolidated Retirement System State and Higher Education plan. The largest single contribution in the history of TCRS, this appropriation will further bolster the pension and help lower future recurring contributions, said offiicials.
TCRS has been consistently recognized as one of the best-funded public pensions in the nation, due largely to every governor budgeting and every General Assembly appropriating sufficient money to fund the pension based on the requirements set by the actuary and TCRS Board of Trustees, said officials.