city-of-franklin-overview-report-august-25-2025_2fc.pdf
City Engages TCRS for Pension Administration
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Description
The City of Franklin approved the Tennessee Consolidated Retirement System to serve as third-party administrator and investment manager for its closed defined benefit pension plan beginning in late 2016, with management oversight of plan alternatives effective January 1, 2019. TCRS staff has continued to review and manage the City’s alternative investments from 2019 to the present.
Contract Details
Vendor
TENNESSEE CONSOLIDATED RETIREMENT SYSTEM
Agency
City of Franklin, TN
Contract Type
FINANCIAL_SERVICES
Document Date
August 25, 2025
Contract Term
Approved November 18, 2016; management oversight effective January 1, 2019; ongoing as of 2019–Present
Renewal Info
Initial approvals in 2016 and 2018 established TCRS as third-party administrator and investment manager with continuing oversight from January 1, 2019 onward; no explicit end date or renewal schedule is stated.
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