Employees
When were you hired?
For employees hired before 1/1/1996 and in Original Benefit Structure
For employees hired before 1/1/1996 and elected Cash Balance
401(k) Savings and Deferral Plan
TVA offers you an additional incentive to save by providing a 401(k) Plan that includes matching contributions and an automatic non-elective contribution. You are considered vested in your 401(k) Plan contributions immediately, but you must have 3 years of TVA service to be vested in the TVA matching contributions and the automatic non-elective contributions. Read more at Fidelity
| 401(k) Plan Matching | 401(k) Plan Automatic Non-Elective Contribution |
|---|---|
| 75 cents for each dollar contributed, up to 6% | 4.5% of eligible compensation |
External Resources
- Aon Hewitt Cash Balance Calculator
- Fidelity Investments 401(k) Plan
- Social Security Calculator
- People First Solution Center 888-275-8094
- Disbursement Services 865-632-2231
News
TVA Retirement System Board Approves 401(k) Plan 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
TVARS announces 2022 information on COLA, Interest Crediting Rates, Contribution Limits
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
TVARS Board Election Results
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
TVA Retirement System Board Approves TVARS Rules Amendment
In June 2021, the TVA Retirement System (TVARS) board approved amendments to Section 7C(3)(b) and Section 17 to the Actuarial Assumptions in the Appendix of