Introducing People First – enhanced TVA Human Resources support

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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Board Meeting—12/8/2020

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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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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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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Board Meeting—9/10/2020

The TVA Retirement System Board of Directors (Board) held its quarterly meeting September 10, 2020 virtually via WebEx with business conducted through the Board’s Investment, Audit, Retirement, Election and Seventh Director Search committees. All current TVARS Board directors were present: Brian Child, Chair; Sam DeLay, Vice-Chair; Mike Belcher; Jim Hovious; Tina Wallace and Eric Davis. Investment Committee Highlights: TVARS staff and consultants reviewed recent financial market, pension and 401(k) plan performance.  Aon, the System’s 401(k) Plan consultant, reviewed the 401(k) Plan, including the performance, fees and dollars invested within each fund as of June 30, 2020. 401(k) Plan assets were…
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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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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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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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