The TVARS Board approved a 1.68 percent cost-of-living adjustment (COLA) for eligible retirees for calendar year 2015. Retirees will see the increase in checks beginning January 31, 2015. The COLA is calculated by comparing the percentage change from one 12-month period to another 12-month period of the U.S. Labor Department’s Consumer Price Index-All Urban Consumers- or the CPI-U (the CPI-U takes into account price increases/decreases for various good and services).
A lot of things have changed in the past 75 years, including the TVA Retirement System (TVARS), which was established in November 1939. Read more.
On September 11, 2014, the TVA Retirement System Board approved amendments to the System Rules and to the Provisions of the 401(k) Plan. Read more.
In the recent election for a director vacancy on the TVA Retirement System Board, employees voted to re-elect Tony Troyani. His new three-year term will run from Nov. 1, 2014, to Oct. 31, 2017.
Of the 4,227 votes cast, Troyani received 2,298 (54.36 percent). Steve Ellis received 1,929 votes (45.64 percent).