Tennessee Risk Management Trust (TRMT), a member-owned insurance trust which serves public entities in Tennessee, has presented a $2,900 grant to Bedford County Fire Department.
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12/5/24
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12/5/24
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11/29/24
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11/26/24
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The annual Bedford County Veterans Parade was held Saturday, Nov. 9.
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T-G Photos by Dawn Hankins
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11/13/24
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11/4/24
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The MTSU research survey shows better business outlook for coming months.
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10/28/24
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Breast cancer remains one of the most common cancers among women and, while less prevalent, can also impact men.
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10/24/24
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Grants from both the Tennessee State Museum's Capital Maintenance and Improvements Grant and Shelbyville Power and Water through the TVA Community Care Project Fund were recently awarded to the Bedford County Arts Council.
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10/19/24
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NASHVILLE – Beginning October 15, a free burn permit from the Tennessee Department of Agriculture Division of Forestry (TDF) is required prior to burning leaves or natural vegetation, including debris generated by Hurricane Helene.
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10/17/24
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10/10/24
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U.S. Department of Commerce Invests $5.3 Million for Building
Renovations to Support Workforce Development in Tennessee
BCUD will receive $3.1 million for water infrastructure improvements
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9/30/24
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MURFREESBORO, Tenn. — With continued rising home prices and an emerging trend of fewer closings in some areas of the state during the second quarter of the year, Tennessee’s housing market presents mixed signals heading into the fall, according to the latest statewide report from Middle Tennessee State University.
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9/27/24
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NASHVILLE – The Tennessee Consolidated Retirement System wrapped up the 2024 fiscal year with a 10.06% investment return, well exceeding the plan’s 6.75% assumed rate of return.
The annual earnings represent over $6.2 billion in new investment income added to the portfolio in a single year. The TCRS portfolio value stood at $69.4 billion, as of June 30, 2024.
TCRS paid $3.28 billion in benefits in FY24 to 161,993 retirees across the state, 92% of whom remain in Tennessee. The retirement benefits paid by TCRS have an economic impact in all 95 counties.
“Our plan’s success is a combination of sound financial management and the support of our Governor and General Assembly, which consistently ensures the plan is fully funded every year,” said State Treasurer David H. Lillard, Jr. “The Tennessee Department of Treasury strives to be good stewards of the state’s financial resources. This $6.2 billion in investment income is evidence of our commitment to both active and retired members of the TCRS pension plan.”
For every $100 paid today in retirement benefits, $68 comes from investment earnings. Tennessee Treasury Investments Division, led by Chief Investment Officer Michael Brakebill, manages the majority of assets for TCRS internally, helping to save significantly on investment costs by using an in-house staff of investment professionals with extensive education, professional training, and certifications. This team includes members with substantial institutional investor experience in both the public and private sectors. The TCRS portfolio is structured to be a naturally conservative fund and is widely diversified to minimize risk.
“The 2024 performance for TCRS was very satisfying in an oddly challenging marketplace,” Mr. Brakebill said. “Our broadly diversified investment portfolio was able to capture significant benefits from this extraordinary period while still maintaining substantial risk control.”
Last year, Tennessee was ranked the No. 1 lowest total unfunded pension liabilities per capita in a 2023 report by the Center for State Fiscal Reform, part of the American Legislative Exchange Council. The report examined the burden of all 50 state pensions’ unfunded liabilities on every man, woman, and child in their respective state. Tennessee’s well-funded pension plan provides a monthly retirement benefit to retirees across the state without liability on its citizens.
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9/27/24
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Brewery of Books held a soft opening this week at its Lane Parkway location.
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9/26/24
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After months, Council finally votes no on the rezoning of the Barksdale Lane area.
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By Dawn Hankins
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9/13/24
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Vanderbilt Hospital has been awarded 4 stars out of 5 for quality care from Centers for Medicare and Medicaid Services.
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Staff Report
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9/12/24
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Crawl, Walk, Run Job and Resource Fair planned Saturday on historic public square
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By Dawn Hankins
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9/12/24
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This is the second part of a feature on the validity of the County's '81 Financial Mangement Act. Part I ran in Thursday's Times-Gazette
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8/30/24
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