David H. Lillard Jr. (born c. 1953) is an American lawyer, politician and government official. A Republican, he serves as the state treasurer for the state of Tennessee.
David Lillard | |
|---|---|
| Treasurer of Tennessee | |
| Assumed office January 15, 2009 | |
| Governor | Phil Bredesen Bill Haslam Bill Lee |
| Preceded by | Dale Sims |
| Personal details | |
| Born | November 23, 1953 Fort Rucker, Alabama, U.S. |
| Political party | Republican |
| Education | University of Memphis (BA, JD) University of Florida (LLM) |
Early life
editDavid Lillard was born circa 1953 in Fort Rucker, Alabama.[1][2] He graduated from the University of Memphis, where he earned a BA and a JD.[1] He earned a master of laws in taxation from the University of Florida in 1983.[1]
Legal career
editLillard was a lawyer for almost three decades. According to the National Association of State Auditors, Comptrollers, and Treasurers, he practiced "tax, securities, municipal finance and health regulatory law."[3]
Political career
editCounty Commissioner
editA Republican,[4][5] Lillard was a Shelby County Commissioner until 2009,[5] was Chairman of the Shelby County Board of Commissioners and also served as president of the Tennessee County Commissioners Association.[2]
State Treasurer
editIn 2009, after Republicans gained control of the Tennessee General Assembly (the state legislature), the legislature elected Lillard as the Tennessee State Treasurer.[6] He was subsequently re-elected to several two-year terms,[6] most recently in January 2021[7] and January 2023.[6]
As State Treasurer, Lillard oversees the Tennessee Department of Treasury, which manages the Tennessee Consolidated Retirement System (TCRS), the state's pension fund.[8] The Tennessee Treasury also administers Tennessee's 529 plan for college savings (TNStars); the Tennessee Financial Literacy Commission; ABLE TN; the state Unclaimed Property Division, and the Criminal Injuries Compensation Fund.[9]
In 2014, Lillard worked with the General Assembly on legislation that required newly state employees to contribute to their pensions, creating a "hybrid plan" that reduced costs; the legislation created a 401(k) plan and raised the retirement age to receive full benefits from 60 to 65.[8]
Lillard supported legislation in 2014 that required local governments in Tennessee that do not participate in TCRS to annually fund 100% of the "actuarially determined annual required contribution." The Tennessee General Assembly unanimously passed the legislation in April 2014. Local governments that participated in TCRS were already required to make 100% contributions.[10]
Lillard also served as President of the National Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) through 2017.[11] He is currently a member of the National Association of State Treasurers' Governmental Accounting Standards Advisory Council (GASAC).[12]
Personal life
editLillard has a wife, Patricia Newton, and three children.[13] He resides in Shelby County,[2] and he is a member of the United Methodist Church.[1]
References
edit- ^ a b c d "Company Overview of State Of Tennessee: David H. Lillard Jr". Bloomberg. Retrieved October 11, 2017.
- ^ a b c "History of Tennessee State Treasurers (1836-Present): David H. Lillard, Jr". Tennessee Department of Treasury. Archived from the original on October 11, 2017. Retrieved October 11, 2017.
- ^ "NASACT Executive Committee". National Association of State Auditors, Comptrollers, and Treasurers. Retrieved October 13, 2017.
- ^ "David H. Lillard, Jr. (R)". Tennessee Department of Treasury. Retrieved October 11, 2017.
- ^ a b "Shelby Co. Commission replaces Republican with Democrat". WMC-TV. February 24, 2009. Retrieved October 13, 2017.
- ^ a b c Tennessee lawmakers reelect state comptroller, treasurer, Associated Press (January 11, 2023).
- ^ "Tennessee lawmakers elect 3 statewide officials". Associated Press. Nashville. January 13, 2021. Retrieved January 13, 2021.
- ^ a b Jamie McGee (September 6, 2016). "Despite weak returns, Tennessee pension still strong, officials say". The Tennessean.
- ^ "Tennessee State Treasurer David Lillard Reelected". National Association of State Treasurers. January 11, 2017. Archived from the original on October 28, 2018. Retrieved October 13, 2017.
- ^ Kozlowski, Rob (April 22, 2014). "Tennessee passes bill requiring some local governments to make full pension contributions". Pensions & Investments.
- ^ "NASACT 2017 Breaks Attendance Records" (Press release). National Association of State Auditors, Comptrollers and Treasurers. Retrieved July 24, 2020.
- ^ "GASAC - Governmental Accounting Standards Advisory Council". Gasb.org. Retrieved October 13, 2017.
- ^ "DAVID H. LILLARD JR" (PDF). Council of State Governments. Retrieved October 11, 2017.