for-active-members

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…