# City of Knoxville Pension System

City of Knoxville Pension System is a Pension Fund based in Knoxville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Knoxville, United States
- **Region:** North America
- **Address:** Knoxville, TN, United States
- **Founded:** 1929
- **Assets under management:** Undisclosed
- **Website:** knoxvilletn.gov

## Regulatory record

- **Reports private funds:** No

## About

The City of Knoxville Pension System exists to provide retirement security for municipal employees in Tennessee's third-largest city. Mayor Indya Kincannon chairs the board, which includes City Finance Director Boyce Evans, while Executive Director Kristi Fowler Paczkowski handles day-to-day operations. The system operates under the oversight of a public board, a governance model that requires regular open meetings and annual financial disclosures. The system allocates across private equity, real estate, and infrastructure. Its private equity sleeve is concentrated in buyout strategies, with the internal framework mirroring commitments common among mid-sized public plans — exposure through limited-partner fund commitments rather than direct co-investments. Real estate holdings tilt toward commercial assets within the United States, while infrastructure commitments scan globally for steady-yielding projects. The geographic reach spans domestic core properties and international infrastructure assets. The pension board participates actively in municipal-finance peer networks, including the National Conference on Public Employee Retirement Systems and the Government Finance Officers Association. The team size remains typical for a city pension fund: a lean staff supported by external consultants and fund managers. The structural differentiator is the plan's steady institutionalization. Small municipal plans often rely on a single consultant or a static allocation. Knoxville has layered a formal board with executive staff who maintain ties to NCPERS and GFOA, signaling a commitment to governance that exceeds what a city its size typically delivers. That governance infrastructure — rather than an unusual mandate or hybrid structure — is what separates the plan from peer municipal funds in the Southeast.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Indya Kincannon — Chairperson and Mayor of Knoxville
- Kristi Fowler Paczkowski — Executive Director of the Pension System
- Boyce Evans — City Finance Director and Board Member

## Questions

### How is the City of Knoxville Pension System governed?

The system is a public defined-benefit plan governed by a board of trustees appointed according to city charter. Board meetings are open to the public and covered by Tennessee open-records law. The Government Finance Officers Association has awarded the plan its Certificate of Achievement for Excellence in Financial Reporting, which requires meeting a strict set of transparency and accounting standards.

### What professional networks does the City of Knoxville Pension System participate in?

The system is involved with the National Conference on Public Employee Retirement Systems (NCPERS), where staff attend summits and the plan has been recognized for transparency. It also participates in the Government Finance Officers Association, which awarded the plan its Certificate of Achievement for Excellence in Financial Reporting. Both affiliations help the system benchmark governance and accounting against peer public funds nationally.

## Related profiles

- [City of Key West Police & Fire Pension Fund](https://altss.com/profile/city-of-key-west-police-fire-pension-fund)
- [City of Lakeland (Fla.) Employees' Retirement System](https://altss.com/profile/city-of-lakeland-fla-employees-retirement-system)

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Last updated: 2026-08-11T02:43:31.692Z

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