News-Stories

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…

Evans, et al. v. TVA & TVARS August 12, 2016 Litigation Update Evans v. Tennessee Valley Authority Retirement System and Tennessee Valley Authority On August 12, 2016, the United States Court of Appeals for the Sixth Circuit issued a decision holding that cost-of-living adjustments (“COLAs”) are not vested benefits and, therefore, the 2009 amendments did not violate the TVARS Rules and Regulations (Section 13), which prohibit amendments that reduce vested benefits. In addition, the Sixth Circuit reversed the District Court’s holding that there was no judicial review of the TVARS Board’s actions, and remanded all other issues to the District…