22 Sep 2023

Clement Wins TVARS Board Election

for-active-members, for-retirees, home-page
In the recent election for a director vacancy on the TVA Retirement System Board, employees voted to elect Mike Clement, energy services consultant, Energy Services and Programs, Commercial Energy Services, Financial Services, Cleveland, Tennessee. His three-year term will run from Nov. 1, 2023, to Oct. 31, 2026. Of the 2,057 votes cast, Clement received 1,200 (58.3 percent). Scott Haulsee received 857 (41.7 percent).
Read More
21 Feb 2023

Microsoft Authenticator Change

for-retirees
Beginning Monday, Feb. 27, 2023, anyone using Microsoft Authenticator to access secure TVA applications will be prompted to enter the two-digit number displayed on the application’s log-in screen into Microsoft Authenticator instead of tapping “Approve.” Right now, employees tap “Approve” in the Authenticator app to complete the login process for TVA applications. On Feb. 27, when you go to open a secure application, a two-digit number will pop up, and you will need to go to Authenticator and type in the number to continue the login process. Cisco AnyConnect and Citrix will prompt users to enter a six-digit code instead…
Read More
12 Dec 2022

Cost-of-living adjustment (COLA) for 2023

for-retirees
For 2023, the COLA for eligible retirees and beneficiaries will be 6%. The TVARS Rules and Regulations 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. Under the TVARS Rules, the COLA is calculated as the percentage change in the average CPI-U for the period of November 2020 – October 2021 to the period November…
Read More