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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TVARS announces 2021 information on COLA, Interest Crediting Rates, Contribution Limits

TVARS has announced the following 2021 information of interest to employees and retirees. Cost-of-living adjustment (COLA) for 2021 For 2021, the COLA for eligible retirees and beneficiaries will be 1.13%.The TVARS Rules and Regulations provide that eligible retirement benefits (pension and supplemental benefits) will receive a COLA based on an inflation measure, which is 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. Under the TVARS Rules, the COLA is calculated as the percentage…
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Cost-of-living adjustment (COLA) for 2021

For 2020, the COLA for eligible retirees and beneficiaries will be 1.13%.The TVARS Rules and Regulations provide that eligible retirement benefits (pension and supplemental benefits) will receive a COLA based on an inflation measure, which is 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. Under the TVARS Rules, the COLA is calculated as the percentage change in the average CPI-U for the period of November 2018 – October 2019 to the period November…
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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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