Tennessee Consolidated Retirement System (TCRS)
public plan · State of Tennessee · Nashville, TN
Funding History
What This Means for You
Tennessee Consolidated Retirement System (TCRS) is in excellent financial health at 92% funded. This means for every dollar the plan owes in future benefits, it has 92 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $57.0B | $61.9B | 92.1% | $2.2B |
| 2022 | $55.3B | $61.4B | 90.0% | $2.1B |
| 2021 | $53.6B | $56.4B | 95.0% | $2.1B |
| 2020 | $51.9B | $58.9B | 88.0% | $2.0B |
| 2019 | $50.2B | $55.1B | 91.0% | $1.9B |
Frequently Asked Questions
Tennessee Consolidated Retirement System (TCRS) is 92% funded, meaning it has 92 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Tennessee Consolidated Retirement System (TCRS) has 378,000 total participants, including 190,000 active employees and 188,000 retirees currently receiving benefits.
Tennessee Consolidated Retirement System (TCRS) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.