20 Jul 2021

TVARS Board Election Results

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The TVA Retirement System (TVARS) recently accepted nominations for a three-year term as an elected member of the TVARS board of directors. At the close of the nomination period, the only nomination received was for Michael L. Belcher, who currently serves as an elected director on the board. The TVARS rules and regulations state in the event only one person is nominated for the director position to be filled, the board may declare such nominee elected without the necessity of formal balloting by the membership. Accordingly, the board has approved a resolution declaring Mr. Belcher re-elected as a director of…
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06 Jul 2021

TVA Retirement System Board Approves TVARS Rules Amendment

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In June 2021, the TVA Retirement System (TVARS) board approved amendments to Section 7C(3)(b) and Section 17 to the Actuarial Assumptions in the Appendix of the TVARS Rules and Regulations regarding the floor and ceiling in the calculation of the interest crediting rate for Cash Balance accounts of participants hired on or after January 1, 1996, and for Fixed Fund accounts. Please see the Notice of Amendment.
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27 May 2021

Navigating the Basics: Learn more about your retirement benefits

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How well do you understand your retirement benefits? Test your knowledge by attending the first workshop in the Retirement Building Blocks series: Navigating the Basics. Beginning in June, TVA Retirement System (TVARS) members can attend and learn more about the basics of their retirement benefits along with available services and tools to help with their retirement planning. During this virtual workshop, a TVARS Consultant and Fidelity Retirement Planners will navigate through the following topics: Review of the different TVARS retirement groups Overview of the pension, 401(k) Plan and other benefits How TVARS and Fidelity Investments can assist in your retirement…
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14 May 2021

The People First Experience goes live
August 2, 2021

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Experience new and improved HR support at TVA. Coming Aug. 2, we’re launching an integrated technology and people-focused strategy to better meet your human resource and health care benefits needs. Direct Online Access through PeopleGateway provides simple, intuitive, secure, and responsive tools to serve your needs at home and on-the-go. Access information that matters most to you such as benefits or engage with “Ask Norris” the interactive chat feature. Reach out by phone or live chat to our team of TVA specialists in the People First Solution Center from 7am-7pm ET weekdays to obtain fast, consistent and efficient responses from…
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07 May 2021

UPDATE: TVA Vetoes TVARS Rules Amendment

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At its March 12, 2021, quarterly meeting, the TVA Retirement System (TVARS) board approved an amendment to Section 3(2) of the TVARS Rules and Regulations that would restrict any individual who is or was a participant in TVA’s Supplemental Executive Retirement Plan (SERP) from being eligible to serve as a director on the TVARS board. TVARS presented notice of this amendment to TVA on April 12, 2021, for its review and consideration. The amendment would become effective May 12, 2021, unless vetoed by TVA within 30 days of the notice. On May 6, 2021, TVA provided notice of veto of…
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26 Apr 2021

TVA’s 401(k) Plan Named Best-in-Class

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When it comes to preparing employees for retirement, TVA continues to excel. In fact, a leading national publication has just recognized TVA’s 401(k) plan as “Best-in-Class” for a second time. Each year, PLANSPONSOR completes a rigorous review of the nation’s 401(k) plans and names a best-in-class list. TVA made the list for the first time in 2016. In 2021, TVA again joins such venerable names as DuPont, IBM, and Pfizer. “We have one of the best 401(k) retirement plans available,” said Mark Meigs, executive secretary of the TVA Retirement System (TVARS), which administers the 401(k) plan. “We are pleased that…
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29 Jan 2021

Introducing People First – enhanced TVA Human Resources support

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TVA is its people – from our retirees that paved the way and the 10,000 employees working daily to keep the lights on, to the future generations that will carry on our mission of service. That’s why it’s important for our TVA and the human resources (HR) team to put YOU first in everything we do. Achieving this means redefining our services to align with leading practices so the right teams, with the right capabilities, deliver the right HR support.  We call this People First.  Coming in 2021 Later this year, you can access two new resources – PeopleGateway and the People First Solution Center –  to…
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06 Jan 2021

Board Meeting—12/8/2020

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The TVA Retirement System Board of Directors (Board) held its quarterly meeting December 8, 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; Mike Belcher, Marilyn Brown, Eric Davis, Sam DeLay, Jim Hovious and Tina Wallace. This was the first Board meeting for Marilyn Brown, who was unanimously selected to serve as the 7th Director retiree on the TVARS Board for the remainder of the current term for the position that runs through October 31, 2021. Following nominations, the Board voted on officers…
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16 Dec 2020

2020 retirement benefit estimates now available online

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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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