08 May 2020

What to Expect After Retirement

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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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03 Apr 2020

Join Fidelity’s Navigating Market Volatility Webinar

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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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01 Apr 2020

Eric Davis Appointed to TVARS Board

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TVA CEO Jeff Lyash has appointed Eric Davis to the TVA Retirement System Board effective April 1, 2020. Eric will replace Tammy Wilson on the TVARS Board.   Eric has 20 years of finance and investment experience at TVA and holds the Chartered Financial Analyst (CFA) designation. He currently serves as the Senior Manager, Investments in Treasury responsible for the management of TVA’s investment trust assets, including the Nuclear Decommissioning Trust and Asset Retirement Trust. Eric previously served in TVARS from 2010 to 2013. Tammy Wilson has served on the TVARS Board in various roles since May 10, 2010, including recently…
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18 Mar 2020

TVARS Update – March 2020

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TVARS staff and the TVARS Board are actively monitoring the financial markets, and are in ongoing discussions with our investment consultants and fund managers. TVARS wants to reassure TVA employees and retirees that TVARS has constructed a diverse portfolio that is designed to manage through these volatile times. We maintain liquid assets to ensure benefit payments will be made today and in the future, and we manage long-term to keep the Retirement System sound. TVARS encourages employees to use the same principles in their 401(k) as used in the pension funds, to hold a diversified portfolio of assets, to remain…
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17 Mar 2020

Contacting TVARS

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Effective Wednesday, March 18, TVARS employees are encouraged to begin working remotely to reduce the number of individuals in our facilities to promote social distancing. We are committed to and will do everything we can to provide you and/or your family with the same level of service and support you are accustomed to during this time. However, we do ask for your understanding in the event that you potentially experience any delays in service. The TVA Retirement System staff will be available by email or phone. Please email retsvcs@tva.gov or call 800-824-3870.
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13 Mar 2020

TVARS Message to Retirees and Beneficiaries

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In these challenging times for our nation, your monthly retirement benefit payments are our top priority, and your TVA Retirement System staff is working effectively – and remotely – to continue our mission of service without interruption. During this time of uncertainty about the spread of the coronavirus and the financial markets volatility, I want to assure you that we are actively engaged to manage the TVARS funds to maintain the long-term viability of the System. The TVARS assets are invested in diversified assets managed by well-respected investment professionals with a long record of strong performance through challenging periods like…
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21 Feb 2020

America Saves Week – February 21-25, 2022

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America Saves Week Workshop - February 21-25, 2022 The TVA Retirement System (TVARS) wants to ensure that employees are on track with their retirement goals, whether short-term or long-term.  Make the most of America Saves Week and consider increasing your contributions to your TVA 401(k) Plan. America Saves Week is an opportunity for everyday Americans to commit to saving successfully. TVARS encourages you to do a ‘gut-check’ on your finances and saving behaviors. The America Saves pledge is the framework that allows savers to set a goal, and make a plan to achieve better financial stability.  Get more tips During America…
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