Feel more confident about your finances

Join TVARS and Fidelity during America Saves Week for any or all of these educational web workshops, where you’ll learn strategies and tips to help you manage your financial future with confidence. REGISTER NOW Identify and Prioritize Your Savings Goals If you want help saving for multiple goals: Get strategies and tips on prioritizing and funding your specific savings goals, like buying a new home or car, saving for a child’s college, and more.February 22, 2021 at 10:00 AM ET Manage Unexpected Events and Expenses With the current economic conditions, you may be evaluating how to make ends meet. This…
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WordPress Instruction for TVARS site

Create a news story Select “Posts” in the left sidebar and then select “Add New”Enter page title where it says, “Add Title” (you can copy and paste)Paste body text where it says, “Start writing…”Subheads should be styled as Heading 2. Use the menu in the top left corner of the text block to changeTo make the story appear on the pages you want, select the categories by checking the boxes for the page or pages you want in the right sidebar. If you don’t see the list of categories, click on the Word document at the top of the sidebar.…
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2020 retirement benefit estimates now available online

Full-time annual employees may now view their 2020 personalized retirement benefit estimates in PLUS. The estimates will include projected retirement information for three dates, including 12-31-2020 and two future ages.  How to access your Retirement Estimates online: Employees can log into PLUS with their network ID and password. From the PLUS homepage, view your Retirement Estimates from the “Benefits” menu. Please note that some employees will not have retirement benefit estimates to view: Employees who were first hired on or after July 1, 2014Employees who are in the Original Benefit Structure and were rehired on or after Nov. 1, 2015Employees who are part-time or in…
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Cost-of-living adjustment (COLA) for 2021

For 2020, the COLA for eligible retirees and beneficiaries will be 1.13%.The TVARS Rules and Regulations provide that eligible retirement benefits (pension and supplemental benefits) will receive a COLA based on an inflation measure, which is the Consumer Price Index – All Urban Consumers (CPI-U) – an index maintained by the U.S. Labor Department that measures the price changes in a broad group of various goods and services purchased by consumers. Under the TVARS Rules, the COLA is calculated as the percentage change in the average CPI-U for the period of November 2018 – October 2019 to the period November…
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TVARS Board Selects 7th Director – Marilyn Brown – November 2020

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…
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DeLay Wins TVARS Board Election

In the recent election for a director vacancy on the TVA Retirement System Board, employees voted to re-elect Samuel J. L. DeLay, senior program manager, Energy Use Technology, Operational Research & Support, Innovation & Research, Chattanooga. His new three-year term will run from Nov. 1, 2020, to Oct. 31, 2023. Of the 2,728 votes cast, DeLay received 1,508 (55.3 percent). Wesley M. Conkle received 660 (24.2 percent); Julia E. Koella received 560 votes (20.5 percent).
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What to Expect After Retirement

Retirement Payments 1st check — 6-8 weeks Partial month Direct-depositedNo deductions other than Federal Employees Group Life Insurance (FEGLI) 2nd payment — End of month after 1st check Full monthDirect-deposited May include 2-3 deductions for medical insurance, since you pay one month in advance for insurance 3rd payment — End of month Normal deductions Healthcare credit applied, if eligible* Remainder — Last business day of month Dental insurance premiums will begin with the 4th payment, if applicable *Any retroactive Healthcare Credit may either be applied to your medical insurance deduction or be issued as a refund check. For more information,…
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Join Fidelity’s Navigating Market Volatility Webinar

With the market’s recent downturns, you may be concerned about the retirement savings you’ve worked so hard to build potentially being in jeopardy. Fidelity has created a new webinar to help you navigate the uncertainty and answer some of your most important financial questions. The Navigating Market Volatility webinar will answer questions such as: • Should I change how I’m invested to something less risky? • Should I move to cash right now? • How do I pull my money out of the market? • Why should I put more into my retirement savings plan? Three classes will be offered…
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