David Lillard

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
Treasurer of Tennessee
Assumed office
January 15, 2009
GovernorPhil Bredesen
Bill Haslam
Bill Lee
Preceded byDale Sims
Personal details
Born (1953-11-23) November 23, 1953
Fort Rucker, Alabama, U.S.
Political partyRepublican
EducationUniversity of Memphis (BA, JD)
University of Florida (LLM)

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]

Career

Lillard was a lawyer for almost three decades. According to the National Association of State Auditors, Comptrollers, and Treasurers, he "practiced law in the fields of tax, securities, municipal finance and health regulatory law."[3]

He served as a Shelby County Commissioner until 2009,[4] was Chairman of the Shelby County Board of Commissioners and also served as president of the Tennessee County Commissioners Association.[2]

Lillard is a Republican.[5] In January 2009, he was elected as the Tennessee State Treasurer.[5] He was re-elected in January 2017.[6]

Lillard voted against the removal of the Nathan Bedford Forrest Bust from the Tennessee State Capitol; he added that "all items in the Capitol" should be "rotate[d]", and that he would "distribute such a suggestion to the SCC for consideration".[7]

As State Treasurer, Lillard oversees the Tennessee Department of Treasury which internally manages investments in domestic equities, fixed income, private equity, real estate and strategic lending. In 2014, Lillard worked with the General Assembly on legislation to restructure the state pension fund, the Tennessee Consolidated Retirement System (TCRS), creating an adjustable hybrid plan[8], which was named one of the best-funded plans in the country by Pensions and Investments.[9][10]

Under his leadership, Tennessee became the first state to require all defined benefit public pension plans offered by public entities to annually fund 100% of the Actuarially Determined Contribution and adhere to certain recognized standards in plan management. The bill was passed by the Tennessee General Assembly in April 2014.[11]

The Tennessee Treasury also administers the TNStars® College Savings 529 Program, the Tennessee Financial Literacy Commission (TNFLC), ABLE TN, Tennessee’s Unclaimed Property Division, and the Criminal Injuries Compensation Fund.[10]

Lillard also served as President of the National Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) through 2017.[12] He is currently serving on the Governmental Accounting Standards Advisory Council (GASAC) for the National Association of State Treasurers (NAST).[13]

Personal life

Lillard has a wife, Patricia Newton, and three children.[14] He resides in Shelby County,[2] and he is a member of the United Methodist Church.[1]

References
  1. "Company Overview of State Of Tennessee: David H. Lillard Jr". Bloomberg. Retrieved October 11, 2017.
  2. "History of Tennessee State Treasurers (1836-Present): David H. Lillard, Jr". Tennessee Department of Treasury. Retrieved October 11, 2017.
  3. "NASACT Executive Committee". Nasact.org. Retrieved 13 October 2017.
  4. "Shelby Co. Commission replaces Republican with Democrat". Wmcactionnews5.com. Retrieved 13 October 2017.
  5. "David H. Lillard, Jr. (R)". Tennessee Department of Treasury. Retrieved October 11, 2017.
  6. "State Treasurer David Lillard Reelected". The Chattanoogan. January 11, 2017. Retrieved October 11, 2017.
  7. Buie, Jordan; Ebert, Joel (September 1, 2017). "Nathan Bedford Forrest stays in Tennessee Capitol, panel decides". The Tennessean. Retrieved September 5, 2017.
  8. "Despite weak returns, Tennessee pension still strong, officials say". Tennessean.com. Retrieved 13 October 2017.
  9. Kozlowski, Rob (2 October 2017). "Dip in funded status not a good omen". Pionline.com. Retrieved 13 October 2017.
  10. "Tennessee State Treasurer David Lillard Reelected - National Association of State Treasurers". Nast.org. 11 January 2017. Retrieved 13 October 2017.
  11. Kozlowski, Rob (22 April 2014). "Tennessee passes bill requiring some local governments to make full pension contributions". Pionline.com. Retrieved 13 October 2017.
  12. "NASACT". Nasact.org. Retrieved 13 October 2017.
  13. "GASAC - Governmental Accounting Standards Advisory Council". Gasb.org. Retrieved 13 October 2017.
  14. "DAVID H. LILLARD JR" (PDF). Council of State Governments. Retrieved October 11, 2017.
Political offices
Preceded by
Dale Sims		 Treasurer of Tennessee
2009–present		 Incumbent
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