The Tennessee Consolidated Retirement System closed out the 2025 fiscal year with a healthy 10.2% investment return, significantly outperforming the plan’s 6.75% assumed rate of return.
These favorable returns helped increase the value of the portfolio by $5.3 billion in a single year, bringing the total value of the TCRS portfolio to $74.9 billion as of June 30, 2025.
TCRS is the defined benefit pension plan serving over 400,000 active and retired state, higher education, and participating local government employees, as well as K-12 public teachers. The state pension provides a lifetime retirement, and survivor and disability benefits for employees and their beneficiaries…