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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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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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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Board Meeting—3/6/2020

The TVA Retirement System Board of Directors (Board) held its quarterly meeting March 6, 2020 in Chattanooga, with business conducted through the Board’s Investment, Audit, Retirement and Election committees. Investment Committee Highlights TVARS staff reviewed recent financial market volatility. TVARS is actively monitoring the financial markets, and is in ongoing discussions with our investment consultants and fund managers. TVARS has constructed a diverse portfolio that is designed to manage through these volatile times. Liquid assets are maintained to ensure benefit payments will be made today and in the future. The portfolio is managed for the long term to keep the…
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