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Below is information of interest for employees and retirees from the latest TVARS board meeting held December 5, 2019, in Knoxville.  Cost-of-living adjustment (COLA) for 2020 For 2020, the COLA for eligible retirees and beneficiaries will be 1.54%.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…

The TVA Retirement System (TVARS) is pleased to announce several changes in the TVA Savings and Deferral Retirement Plan (401(k) Plan) that will help save you more money for retirement: a reduction in the Administrative Fee for the 401(k) Plan and lower expense ratios for the Target Retirement Portfolios and the Equity Index Fund in the 401(k) Plan's investment lineup. Read more.

In a special called meeting, the TVA Retirement System (TVARS) board of directors has unanimously selected Mark Meigs as its new Executive Secretary.  Mark will succeed Pat Brackett upon his retirement on September 30, 2019 after 37 years at TVA and 9 years serving as the Executive Secretary. “The Executive Secretary position is of critical importance to the TVA Retirement System” said Brian Child, the chair of the TVARS Board.  “While we congratulate Pat on his upcoming retirement and recognize his years of dedicated service to TVARS, we are excited to have someone with Mark’s capabilities ready to assume this…

Full-time annual employees may now view their 2019 personalized retirement benefit estimates in PLUS. The estimates include projected retirement information for three dates, including Sept. 30, 2019. How to access your Retirement Estimates online Employees can click here to log into PLUS with their network ID and password. From the PLUS homepage, view your Retirement Estimates from the “Benefits” menu. Please note that some employees will not have retirement benefit estimates to view: Employees who were first hired on or after July 1, 2014Employees who are in the Original Benefit Structure and were rehired on or after April 1, 2014Employees…

At its June 15, 2018, quarterly meeting, the TVA Retirement System (TVARS) board approved an amendment to Section 3(2) of the TVARS Rules and Regulations that establishes a term limit for any individual to serve as a director of the TVARS board (whether elected, appointed, or selected) of no more than three full 3-year terms. Please see the Notice of Amendment.

Full-time annual employees may now view their 2018 personalized retirement benefit estimates in PLUS. The estimates will include projected retirement information for three dates, including Sept. 30, 2018. How to access your retirement estimates online: Click here to log in to PLUS with your network ID and password. From the PLUS homepage, view your Retirement Estimates from the “Benefits” menu. Retirement benefit estimates may be unavailable for: Employees who are in the Original Benefit Structure and were rehired on or after April 1, 2013. Employees who were first hired on or after July 1, 2014. Employees who are part-time or…