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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.

Early life

David 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

Lillard 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

County Commissioner

A 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

In 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

Lillard 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

  1. ^ a b c d "Company Overview of State Of Tennessee: David H. Lillard Jr". Bloomberg. Retrieved October 11, 2017.
  2. ^ 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.
  3. ^ "NASACT Executive Committee". National Association of State Auditors, Comptrollers, and Treasurers. Retrieved October 13, 2017.
  4. ^ "David H. Lillard, Jr. (R)". Tennessee Department of Treasury. Retrieved October 11, 2017.
  5. ^ a b "Shelby Co. Commission replaces Republican with Democrat". WMC-TV. February 24, 2009. Retrieved October 13, 2017.
  6. ^ a b c Tennessee lawmakers reelect state comptroller, treasurer, Associated Press (January 11, 2023).
  7. ^ "Tennessee lawmakers elect 3 statewide officials". Associated Press. Nashville. January 13, 2021. Retrieved January 13, 2021.
  8. ^ a b Jamie McGee (September 6, 2016). "Despite weak returns, Tennessee pension still strong, officials say". The Tennessean.
  9. ^ "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.
  10. ^ Kozlowski, Rob (April 22, 2014). "Tennessee passes bill requiring some local governments to make full pension contributions". Pensions & Investments.
  11. ^ "NASACT 2017 Breaks Attendance Records" (Press release). National Association of State Auditors, Comptrollers and Treasurers. Retrieved July 24, 2020.
  12. ^ "GASAC - Governmental Accounting Standards Advisory Council". Gasb.org. Retrieved October 13, 2017.
  13. ^ "DAVID H. LILLARD JR" (PDF). Council of State Governments. Retrieved October 11, 2017.
Political offices
Preceded by Treasurer of Tennessee
2009–present 		Incumbent
source: https://en.wikipedia.org/wiki/David_Lillard