Announcement of Candidates 2020

Employees will have an opportunity to vote for one of the candidates listed below to fill a three-year term on the TVARS Board.  The term will run from November 1, 2020, through October 31, 2023. Wesley M. Conkle - senior reactor operator, TVA Nuclear, Browns Ferry Nuclear Plant Samuel J. L. DeLay - senior program manager, Energy Use Technology, Operational Research & Support, Innovation & Research, Chattanooga Julia E. Koella – accounting policy & research specialist, Corporate Accounting, Financial Services, Knoxville Click on the names above to view detailed candidate information. Election-America, Inc., an independent election firm, will mail election…
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Board Meeting—6/3/2020

The TVA Retirement System Board of Directors (Board) held its quarterly meeting June 3, 2020, virtually via WebEx with business conducted through the Board’s Investment, Audit, Retirement and Election committees. All current TVARS Board directors were present: Brian Child, Chair; Michael Belcher; Eric Davis, Samuel DeLay; James Hovious; and Tina Wallace. This was the first Board meeting for Eric Davis, who was appointed by TVA to the Board on April 1, 2020. Eric replaced Tammy Wilson on the Board, whose departure resulted in a vacancy in the Vice Chair position. Following nominations, the Board elected Sam DeLay to serve as…
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Nominations for Annual TVARS Board Election

The TVA Retirement System will accept nominations through Monday, July 6, for a three-year term as an elected member of the TVARS board of directors.  The term runs from Nov. 1, 2020, through Oct. 31, 2023.  Any employee who is a TVARS member is eligible to run for election. Download the Nominating Petition and Candidate Information Form. The TVARS board of directors consists of seven members:  three appointed by TVA, three elected by employees who are TVARS members, and one who is selected by the other six and must be a TVA retiree.  The TVARS board is responsible for the…
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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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Eric Davis Appointed to TVARS Board

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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Board Meeting—3/6/2020

The TVA Retirement System Board of Directors (Board) held its quarterly meeting March 6, 2020 in Chattanooga, with business conducted through the Board’s Investment, Audit, Retirement and Election committees. Investment Committee Highlights TVARS staff reviewed recent financial market volatility. TVARS is actively monitoring the financial markets, and is in ongoing discussions with our investment consultants and fund managers. TVARS has constructed a diverse portfolio that is designed to manage through these volatile times. Liquid assets are maintained to ensure benefit payments will be made today and in the future. The portfolio is managed for the long term to keep the…
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