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 Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to ...

Early life

David Lillard was born circa 1953 in

Fort Rucker, Alabama Fort Rucker is a U.S. Army post located primarily in Dale County, Alabama, United States. It was named for a Civil War officer, Confederate General Edmund Rucker. The post is the primary flight training installation for U.S. Army Aviators an ...

. He graduated from the

University of Memphis } The University of Memphis (UofM) is a public university, public research university in Memphis, Tennessee. Founded in 1912, the university has an enrollment of more than 22,000 students. The university maintains the Herff College of Engineering ...

, where he earned a BA and a JD. He earned a master of laws in taxation from the

University of Florida The University of Florida (Florida or UF) is a public land-grant research university in Gainesville, Florida. It is a senior member of the State University System of Florida, traces its origins to 1853, and has operated continuously on its ...

in 1983.

Legal career

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."

Political career

County Commissioner

A Republican, 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.

State Treasurer

In 2009, after Republicans gained control of the

Tennessee General Assembly The Tennessee General Assembly (TNGA) is the state legislature of the U.S. state of Tennessee. It is a part-time bicameral legislature consisting of a Senate and a House of Representatives. The Speaker of the Senate carries the additional title ...

(the state legislature), the legislature elected Lillard as the Tennessee State Treasurer.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 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 A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

. The Tennessee Treasury also administers Tennessee's

529 plan 5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on e ...

for college savings (TNStars); the Tennessee Financial Literacy Commission; ABLE TN; the state Unclaimed Property Division, and the Criminal Injuries Compensation Fund. 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 In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodical employee contributions come directly out of their ...

and raised the retirement age to receive full benefits from 60 to 65. 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. Lillard also served as President of the National Executive Committee of the National Association of State Auditors, Comptrollers and Treasurers (NASACT) through 2017. He is currently a member of the National Association of State Treasurers' Governmental Accounting Standards Advisory Council (GASAC).

Personal life

Lillard has a wife, Patricia Newton, and three children. He resides in Shelby County, and he is a member of the

United Methodist Church The United Methodist Church (UMC) is a worldwide mainline Protestant denomination based in the United States, and a major part of Methodism. In the 19th century, its main predecessor, the Methodist Episcopal Church, was a leader in evangelica ...

References

{{DEFAULTSORT:Lillard, David H. 1953 births Living people People from Fort Rucker, Alabama People from Shelby County, Tennessee State treasurers of Tennessee Tennessee lawyers Tennessee Republicans University of Florida alumni University of Memphis alumni