David Lillard

David Lillard was born circa 1953 in Fort Rucker, Alabama.{{cite web |title=Company Overview of State Of Tennessee: David H. Lillard Jr. |url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=326064753&privcapId=24964096&previousCapId=24964096&previousTitle=State%20Of%20Tennessee |website=Bloomberg |access-date=October 11, 2017}}{{cite web |title=History of Tennessee State Treasurers (1836-Present): David H. Lillard, Jr. |url=http://www.treasury.state.tn.us/TreasHist/history.html |website=Tennessee Department of Treasury |access-date=October 11, 2017 |archive-date=October 11, 2017 |archive-url=https://web.archive.org/web/20171011190435/http://www.treasury.state.tn.us/TreasHist/history.html |url-status=dead }} He graduated from the University of Memphis, where he earned a BA and a JD. He earned a master of laws in taxation from the University of Florida in 1983.

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."{{cite web |url=http://www.nasact.org/executive |title=NASACT Executive Committee |publisher=National Association of State Auditors, Comptrollers, and Treasurers |access-date=October 13, 2017}}

A Republican,{{cite web |title=David H. Lillard, Jr. (R) |url=http://www.treasury.state.tn.us/about.html |website=Tennessee Department of Treasury |access-date=October 11, 2017}}{{cite web |url=http://www.wmcactionnews5.com/story/9892145/shelby-co-commission-replaces-republican-with-democrat |title=Shelby Co. Commission replaces Republican with Democrat |date=February 24, 2009 |publisher=WMC-TV |access-date=October 13, 2017}} Lillard was a Shelby County Commissioner until 2009, was Chairman of the Shelby County Board of Commissioners and also served as president of the Tennessee County Commissioners Association.

In 2009, after Republicans gained control of the Tennessee General Assembly (the state legislature), the legislature elected Lillard as the Tennessee State Treasurer.[https://apnews.com/article/tennessee-jason-mumpower-2340eea08de53f4035b4178daca68260 Tennessee lawmakers reelect state comptroller, treasurer], Associated Press (January 11, 2023). He was subsequently re-elected to several two-year terms, most recently in January 2021{{cite news |date=January 13, 2021 |title=Tennessee lawmakers elect 3 statewide officials |work=Associated Press |location=Nashville |url=https://apnews.com/article/tennessee-jason-mumpower-e88b165ef85b885086fd7698db6f1c5c |access-date=January 13, 2021}} and January 2023.

As State Treasurer, Lillard oversees the Tennessee Department of Treasury, which manages the Tennessee Consolidated Retirement System (TCRS), the state's pension fund. 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.{{cite web |url=https://nast.org/tennessee-state-treasurer-david-lillard-reelected/ |title=Tennessee State Treasurer David Lillard Reelected |publisher=National Association of State Treasurers |date=January 11, 2017 |access-date=October 13, 2017 |archive-date=October 28, 2018 |archive-url=https://web.archive.org/web/20181028225606/https://nast.org/tennessee-state-treasurer-david-lillard-reelected/ |url-status=dead }}

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.{{cite web |author=Jamie McGee |url=http://www.tennessean.com/story/money/2016/09/04/tennessees-pension-faces-headwinds/86709080/ |title=Despite weak returns, Tennessee pension still strong, officials say |newspaper=The Tennessean |date=September 6, 2016}}

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.{{cite web |url=https://www.pionline.com/article/20140422/ONLINE/140429969/tennessee-passes-bill-requiring-some-local-governments-to-make-full-pension-contributions |title=Tennessee passes bill requiring some local governments to make full pension contributions |first=Rob |last=Kozlowski |date=April 22, 2014 |website=Pensions & Investments}}

Lillard also served as President of the National Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) through 2017.{{cite press release |url=https://www.nasact.org/article_content.asp?edition=3§ion=8&article=50 |title=NASACT 2017 Breaks Attendance Records |publisher=National Association of State Auditors, Comptrollers and Treasurers |access-date=July 24, 2020}} He is currently a member of the National Association of State Treasurers' Governmental Accounting Standards Advisory Council (GASAC).{{cite web |url=http://www.gasb.org/jsp/GASB/Page/GASBSectionPage&cid=1176156726962 |title=GASAC - Governmental Accounting Standards Advisory Council |website=Gasb.org |access-date=October 13, 2017}}

Lillard has a wife, Patricia Newton, and three children.{{cite web |title=DAVID H. LILLARD JR. |url=http://knowledgecenter.csg.org/kc/system/files/tn.pdf |website=Council of State Governments |access-date=October 11, 2017}} He resides in Shelby County, and he is a member of the United Methodist Church.

{{Reflist}}

{{s-start}}

{{s-off}}

{{s-bef|before=Dale Sims}}

{{s-ttl|title=Treasurer of Tennessee|years=2009–present}}

{{s-inc}}

{{s-end}}

{{U.S. State Treasurers}}

{{Tennessee statewide political officials}}

{{DEFAULTSORT:Lillard, David H.}}

Category:1953 births

Category:Living people

Category:People from Fort Rucker, Alabama

Category:People from Shelby County, Tennessee

Category:State treasurers of Tennessee

Category:Tennessee lawyers

Category:Tennessee Republicans

Category:University of Florida alumni

Category:University of Memphis alumni