City of Franklin, Pension Committee 8-13-2026

The City of Franklin Pension Committee met on August 13, 2026, to discuss pension plan administration, investment performance, and actuarial valuations. Key procurement-related topics included the management of the city's closed defined benefit pension plan assets by the Tennessee Consolidated Retirement System (TCRS) and oversight of legacy alternative investments such as timberland and private equity funds. Investment professionals from TCRS and consultants from Dayhaw Associates presented detailed reports on portfolio performance, asset allocation, and liquidation timelines for legacy assets. The committee reviewed actuarial reports from USI, confirming a 6.75% assumed rate of return and discussing funding ratios, contribution requirements, and the impact of recent market volatility. The meeting also addressed workforce retirement eligibility and succession planning implications. The committee was informed of upcoming budget amendments and procurement items to be considered in the September budget and finance committee meeting. No direct contract awards or new procurement actions were taken during this session.