David Lillard | |
---|---|
Treasurer of Tennessee | |
Assumed office January 15, 2009 | |
Governor |
Phil Bredesen Bill Haslam Bill Lee |
Preceded by | Dale Sims |
Personal details | |
Born | Fort Rucker, Alabama, U.S. | November 23, 1953
Political party | Republican |
Education |
University of Memphis (
BA,
JD) University of Florida ( LLM) |
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 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]
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]
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]
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]
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]