for-active-members

The TVA Retirement System recently accepted nominations for a three-year term as an elected member of the TVARS board. At the close of the nominations period, the only nominating petition received was for Bryan Johnson, Government & Community Relations Manager, Knoxville. 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 unanimously approved a resolution declaring Mr. Johnson elected as a director of the TVARS board for the three-year…

The TVA Retirement System will accept nominations now through Monday, July 7, for a three-year term as an elected member of the TVARS board of directors. The term runs from Nov. 1, 2025, through Oct. 31, 2028. Employees who are TVARS members are eligible to run for election. This includes employees hired on or after July 1, 2014, whose retirement benefits are in the 401(k) Plan. 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…

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…

Employees eligible for a TVARS pension benefit can now view their 2024 personalized retirement benefit estimates in PeopleGateway. The estimates will include projected retirement information for three dates, including April 5, 2024, and two additional future ages. How to access your Retirement Estimates online From the PeopleGateway dashboard, search for “Estimates” in the Search HR Portal box. You will then click “Retirement Estimates” from the results. Please note that some employees will not have retirement benefit estimates to view. They include: Employees hired on or after July 1, 2014 whose benefits are all in the 401(k) Plan. Employees who are…

TVARS has announced the following 2024 information of interest to employees and retirees. Cost-of-living adjustment (COLA) for 2024 For 2024, the COLA for eligible retirees and beneficiaries will be 4.44%. 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…