Updated:
City of Franklin (Tenn.) Employees' Pension Plan
The City of Franklin (Tenn.) Employees' Pension Plan is a municipal defined-benefit plan serving employees of this Williamson County city. The plan has been...
City of Franklin (Tenn.) Employees' Pension Plan
The City of Franklin (Tenn.) Employees' Pension Plan is a municipal defined-benefit plan serving employees of this Williamson County city. The plan has been closed to new members since January 2017, with employees hired after that date enrolled in the Tennessee Consolidated Retirement System, the state-level pension. The plan is overseen by an Employee Pension Committee that includes Mayor Ken Moore and chairman Clyde Barnhill, with administrative support from CFO Kristine Brock. The frozen plan's investment strategy focuses on capital preservation and income generation for its closed participant base. While specific asset allocation details are not publicly disclosed, the plan is known to hold interests in real assets, including timberland investments within the United States. Geographic exposure is concentrated domestically, consistent with many municipal plans of similar size. As a closed municipal pension, the plan no longer grows through contributions, relying on investment returns to meet legacy obligations. The administrative oversight falls to the city's finance department, with the committee providing governance. No additional offices or affiliated investment arms are publicly associated with the plan. The plan's defining structural feature is its winding-down posture following the transition of new hires to the Tennessee Consolidated Retirement System. This arrangement effectively splits the city's retirement obligations between a legacy closed plan and the state-run system, an increasingly common structure for Tennessee municipalities seeking to transfer longevity risk.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Franklin
Corporate office
Franklin, TN, United States
Principals
Clyde Barnhill
Chairman, Employee Pension Committee
Dr. Ken Moore
Mayor, Member of Employee Pension Committee
Kristine Brock
Assistant City Administrator and CFO, Staff Contact
Sector focus
Frequently asked questions
Is the City of Franklin Employees' Pension Plan still open to new participants?
No. The plan closed to new hires effective January 1, 2017. City employees hired after that date are enrolled in the Tennessee Consolidated Retirement System, the state-managed pension plan. The legacy plan continues to serve employees hired before the cutoff and retirees.
Who oversees the investment decisions for the Franklin pension plan?
The Employee Pension Committee provides governance and oversight. The committee includes Mayor Ken Moore and is chaired by Alderman Clyde Barnhill. The city's assistant administrator and CFO, Kristine Brock, serves as the staff contact supporting the committee's work.
What is the plan's relationship with the Tennessee Consolidated Retirement System?
The Tennessee Consolidated Retirement System has managed retirement benefits for all City of Franklin employees hired after January 1, 2017. The city's own legacy pension continues to operate for pre-2017 hires and existing retirees but no longer accrues new active members, phasing out the plan over time.
Does the Franklin pension plan invest in alternative assets?
The plan is known to hold a small allocation to real assets, including timberland investments within the United States. Specific allocations and manager relationships are not publicly detailed, consistent with the limited public reporting typical of smaller municipal plans.
What is the total size of the Franklin Employees' Pension Plan?
The plan does not publicly report its assets under management. As a municipal pension for a mid-sized Tennessee city with a closed participant base, the plan's liabilities are limited to legacy obligations for pre-2017 hires.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: