The TVA Retirement System Board of Directors (Board) held a special called meeting November 16, 2020 virtually via WebEx and unanimously voted to elect Marilyn Brown as the 7th Director on the TVARS Board for the term which runs through October 31, 2021. All current TVARS Board directors were present: Brian Child, Chair; Sam DeLay, Vice-Chair; Mike Belcher, Eric Davis, Jim Hovious, and Tina Wallace.
Marilyn Brown retired in 2018 from Johnsonville Fossil Plant as Senior Instrument Foreman with twenty-seven years of service. The Board members look forward to working with her soon as she attends the next quarterly meeting in December.
The Board would like to thank all of the TVA retirees who applied for the position. There were many strong candidates and the Board appreciates the candidates who were willing to serve and the time and effort they demonstrated by applying and interviewing for the position.
TVARS administers retirement benefits for 24,000 retirees and 9,700 employees through a defined benefit pension plan and a 401(k) Plan. The pension plan currently has assets of $8 billion and pays over $720 million in benefits annually to retirees and beneficiaries. The 401(k) Plan assets total $3 billion.