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Loudon Considers $505,734 Retirement Benefit for Safety Officers

City of Loudon logoCity of Loudon
Disclosed value
$505,734.00
From agenda
Document date
Aug 11, 2025

The 30-second brief

What it covers

The City of Loudon is considering establishing a hazardous duty supplemental benefit for public safety officers, with the Tennessee Consolidated Retirement System presenting actuarial study results. The proposed benefit requires a lump sum payment of $505,734.00 to the retirement system.

Who holds it

Tennessee Consolidated Retirement holds this retirement benefit contract with City of Loudon. Its other public contracts on record include work for City of Sweetwater and City of Gallatin.

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Contract details

Contract type
Retirement Benefit
Amount
$505,734.00
Document date
August 11, 2025
Term
NA
Vendor
Tennessee Consolidated Retirement
Agency
City of Loudon
Source document
city-of-loudon-city-council-workshop-agenda-august-11-2025_5f0.pdf (Agenda)

Tennessee Consolidated Retirement's other public contracts

City of Sweetwater, TennesseeTCRS Actuarial Study Approved for Sweetwater Safety Officers · Sep 2, 2025UndisclosedCity of Gallatin, TennesseeGallatin Considers Actuarial Study for Military Retirement Credit · Aug 26, 2025UndisclosedCity of Franklin, TennesseeFranklin approves pension plan cost adjustment · May 1, 2025UndisclosedJefferson city Housing Authority, TennesseeTCRS to conduct a fiscal impact study for city. · Feb 18, 2025$400Lakeland School System District, TennesseeLakeland School System approves actuarial study payment resolution · Jan 1, 2025UndisclosedAll Tennessee Consolidated Retirement contractsVendor profile

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Questions about this contract

Who was awarded the retirement benefit contract by City of Loudon?

Tennessee Consolidated Retirement was awarded this retirement benefit contract by City of Loudon, as recorded on August 11, 2025. The contract value is $505,734.00.

How much is the Tennessee Consolidated Retirement contract with City of Loudon worth?

The Tennessee Consolidated Retirement contract with City of Loudon is valued at $505,734.00, covering retirement benefit work.

What type of contract is this?

This is a Retirement Benefit contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-loudon-city-council-workshop-agenda-august-11-2025_5f0.pdf (Agenda), dated August 11, 2025 from City of Loudon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Tennessee Consolidated Retirement hold?

Tennessee Consolidated Retirement may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Loudon currently buying?

Explore City of Loudon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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