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Tennessee pension system boasts historic investment earnings

OCTOBER 8, 2021 | by Jon Styf | TIMESNEWS (TENNESSEE)

By Jon Styf (The Center Square), includes “Think tank Truth in Accounting said last month Tennessee had one of the healthiest financial outlooks of any state in the nation, ranking sixth nationally for fiscal health in its annual Financial State of the States report. At the end of fiscal year 2020, Tennessee had 92 cents set aside for each promised dollar of pension benefits, but only 12 cents saved per dollar of promised retiree health care debt, Truth in Accounting CEO and founder Sheila Weinberg said. ‘They have almost fully funded their pension liability,’ Weinberg said.”

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