David Lillard
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| Treasurer of Tennessee | |
| Assumed office January 15, 2009 | |
| Governor | Phil Bredesen Bill Haslam Bill Lee |
| Preceded by | Dale Sims |
| Personal details | |
| Born | (1953-11-23) November 23, 1953 (age 70) Fort Rucker, Alabama, U.S. |
| Political party | Republican |
| Education | University of Memphis (BA, JD) University of Florida (LLM) |
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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]
ARepublican,[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]
| Political offices | ||
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| Preceded by | Treasurer of Tennessee 2009–present |
Incumbent |
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Statewide political officials of Tennessee
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| U.S. senators |
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| State government |
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| Senate |
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| House |
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| Supreme Court |
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