16 Dec 2024

TVARS Announces 2025 Retirement Benefit Information

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TVARS announces the following 2025 information of interest to employees and retirees. Cost-of-living adjustment (COLA) for 2025 For 2025, the COLA for eligible retirees and beneficiaries will be 2.77%. The TVARS Rules and Regulations (TVARS Rules) provide that eligible retirement benefits (pension and supplemental benefits) will receive a COLA benefit based on a formula using the Consumer Price Index – All Urban Consumers (CPI-U). This index, maintained by the U.S. Labor Department measures the price changes in a broad group of various goods and services purchased by consumers. The COLA is calculated as the percentage change in the average CPI-U…
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13 Dec 2024

Haulsee Wins TVARS Board Special Election

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In the recent special election for a director vacancy on the TVA Retirement System Board, employees voted to elect Scott Haulsee, Customer Service Engineer, Customer Relations East, Customer and Community Relations, Johnson City. His term runs through Oct. 31, 2025. Of the 1,655 votes cast, Haulsee received 1,050 (63.4 percent). Julia Koella received 605 votes (36.6 percent).
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10 Dec 2024

TVARS announces Cost-of-living adjustment (COLA) for 2025

for-retirees
For 2025, the COLA for eligible retirees and beneficiaries will be 2.77%. The TVARS Rules and Regulations (TVARS Rules) provide that eligible retirement benefits (pension and supplemental benefits) will receive a COLA benefit based on a formula using 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. The COLA is calculated as the percentage change in the average CPI-U for the period of November 2022 – October 2023 to the period November 2023 –…
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01 Nov 2024

Lori Stenger Appointed to TVARS Board

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TVA CEO Jeff Lyash has appointed Lori Stenger to the TVA Retirement System Board effective November 1, 2024. Lori will replace Brian Child on the TVARS Board. Lori has served in various leadership roles in Financial Services and currently serves as TVA’s Director of Enterprise Forecasting & Financial Planning. In this role, Lori is responsible for TVA’s annual budget, long-range financial plan, and load, economic, commodity, and revenue forecasts. Before joining TVA, Lori worked in wealth management, holding Series 7 and 63 licenses in the state of Tennessee. Lori has a BS in Computer Science from UT Chattanooga and an…
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29 Oct 2024

Candidates Announced for Special TVARS Board Election

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Employees will have an opportunity to vote for one of the candidates listed below to fill the term on the TVARS Board that runs through October 31, 2025. Scott Haulsee –Customer Service Engineer, Customer Relations East, External Relations, Johnson City Julia 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 ballots to employees’ home addresses and will also email voting information to employees at work. Employees will be able to vote online or by phone during the election that…
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01 Oct 2024

TVARS To Conduct Special Election – Nominations Through Oct. 23

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Michael Blakely, an elected TVARS Board Director, has recently resigned for the term that runs from Nov. 1, 2022, to Oct. 31, 2025. Therefore, a special election is being held to fill this vacancy. The term will begin following the special election and run through Oct. 31, 2025. TVARS will accept nominations through Wednesday, Oct. 23. Any employee who is a TVARS member is eligible to run for election. 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…
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23 Sep 2024

Two TVARS directors to serve new terms

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In the recent employee election for a director vacancy on the TVA Retirement System Board, employees voted to re-elect Michael L. Belcher, Ops Support Program Manager, TVA Power Service Shop, Muscle Shoals, who has served on the board since Nov. 1, 2018. His new three-year term will run from Nov. 1, 2024, to Oct. 31, 2027. Of the 1,878 votes cast, Mr. Belcher received 1,560 (83 percent). Nelson (Nelly) Richardson, Jr., received 318 votes (17 percent). Also, the TVARS Board recently unanimously voted to select Marilyn G. Brown, who currently serves as the seventh director on the board, to serve…
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06 Aug 2024

Candidates Announced for Annual TVARS Board Election

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Announcement of Election Candidates 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, 2024, through October 31, 2027. Michael L. Belcher - Ops Support Program Manager, TVA Power Service Shop, Muscle Shoals Nelson (Nelly) Richardson, Jr. - Electrician, Electrical Maintenance, Browns Ferry Nuclear Plant Click on the names above to view detailed candidate information. Election-America, Inc., an independent election firm, will mail election ballots to employees’ home addresses and will also email voting information to employees at work. Employees…
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17 Jun 2024

Using your 401(k) for retirement just got easier

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An exciting new retirement income option is coming to the Target Retirement Portfolios in the TVA 401(k) Plan. Beginning June 21, 2024, BlackRock’s LifePath Paycheck will be available to 401(k) participants within new Target Retirement Paycheck Portfolios. Here are three things to know about this new option: Target Retirement Paycheck Portfolios build on the existing suite of Target Retirement Portfolios in the 401(k) Plan, which are designed for participants who prefer a single, professionally managed investment approach and include a diversified allocation of stocks, bonds, and inflation-sensitive investments that are managed by BlackRock to gradually become more conservative as you…
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