# City of Franklin (Tenn.) Employees' Pension Plan

City of Franklin (Tenn.) Employees' Pension Plan is a Pension Fund based in Franklin, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Franklin, United States
- **Region:** North America
- **Address:** Franklin, TN, United States
- **Assets under management:** Undisclosed
- **Website:** https://www.franklintn.gov

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Infrastructure
- Timberland

## People

- Clyde Barnhill — Chairman, Employee Pension Committee
- Dr. Ken Moore — Mayor, Member of Employee Pension Committee
- Kristine Brock — Assistant City Administrator and CFO, Staff Contact

## 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.

### 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.

## Related profiles

- [City of Flagstaff](https://altss.com/profile/city-of-flagstaff)
- [City of Gainesville Consolidated Police Officers' and Firefighters' Pension Plan](https://altss.com/profile/city-of-gainesville-consolidated-police-officers-and-firefighters-pension-plan)

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Last updated: 2026-06-03T20:00:00.000Z

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