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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, 2023, through October 31, 2026. Mike Clement - Energy Services Consultant, Energy Services and Programs, Commercial Energy Services, Financial Services, Cleveland Scott Haulsee - Customer Service Engineer, Customer Relations East, External Relations, Johnson City Click on the names above to view detailed candidate information. Election-America, Inc., an independent election firm, will mail election ballots to employees’ home addresses and will also email voting information to employees at work. Employees will…

The TVA Retirement System will accept nominations through Wednesday, July 5, for a three-year term as an elected member of the TVARS board of directors.  The term runs from Nov. 1, 2023, through Oct. 31, 2026.  Any employee who is a TVARS member is eligible to run for election. 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 TVA retiree.  The TVARS board is responsible for the administration of the System and the 401(k) Plan.…

An open-enrollment period for the retiree dental plan available through Delta Dental of Tennessee will be held from November 1 through December 2.  Coverage will be effective January 1, 2023. Waiting periods may apply. Additional information will be available in the enrollment packages. Enrollment packages will be available on November 1 at www.tva.com/retireeportal (see Health Care Benefits).  Packages will also be available beginning November 1 by emailing Delta Dental at TVAEnrollment@deltadentaltn.com or by calling them toll-free at 833-932-0878. TVA retirees (or spouses of deceased retirees) are eligible to enroll if they receive monthly retirement benefits from the TVA Retirement System,…

The TVA Retirement System (TVARS) recently accepted nominations for a three-year term as an elected member of the TVARS board of directors. At the close of the nomination period, the only nomination received was for Michael A. Blakely II, nuclear unit operator, Browns Ferry Nuclear Plant. 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. Blakely elected as a director of the…

On June 13, 2022, the TVA Retirement System (TVARS) board approved housekeeping amendments to Sections 6R1, 7D3, 7O, and 18B3 of the TVARS Rules and Regulations to align certain death benefit provisions. Please see the Notice of Amendments.

On December 7, 2021, the TVA Retirement System (TVARS) board approved IRS-housekeeping amendments to Articles 8.1, 9.5A, and 9.5B of the Provisions of the TVA Savings and Deferral Retirement Plan (401(k) Plan) regarding hardship withdrawals and use of forfeitures. Please see the Notice of Amendment.

For 2022, TVARS will provide a 3.5% COLA for eligible retirees and beneficiaries, the highest COLA since 2009 as a result of significant increases in the cost of many consumer goods during 2021. 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…

TVARS has announced the following 2022 information of interest to employees and retirees. Cost-of-living adjustment (COLA) for 2022 For 2022, the COLA for eligible retirees and beneficiaries will be 3.5%. 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…

The TVA Retirement System (TVARS) Board of Directors held its quarterly meeting on September 13, 2021, and unanimously selected Marilyn Brown, who currently serves as the 7th director on the TVARS Board, to serve a new three-year term as its 7th director. Brown’s new term will run from November 1, 2021 to October 31, 2024. Brown retired in 2018 after a 27-year career with TVA, having last served as senior instrument foreman at Johnsonville Fossil Plant. The TVARS Board consists of seven members: three appointed by TVA, three elected by employees who are TVARS members, and one who is selected…

The TVA Retirement System (TVARS) recently accepted nominations for a three-year term as an elected member of the TVARS board of directors. At the close of the nomination period, the only nomination received was for Michael L. Belcher, who currently serves as an elected director on the board. 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 approved a resolution declaring Mr. Belcher re-elected as a director of…