TVA Retirement System Board of Directors
- TVARS was established by the TVA Board in 1939 to provide retirement benefits for TVA employees.
- When the TVA Board established TVARS, it also approved the Rules and Regulations of the TVA Retirement System, which constitute the legal charter under which TVARS operates and have the force and effect of Federal law.
- TVARS is a Federal agency and separate legal entity from TVA.
- TVARS is governed by its own board of directors consisting of seven members: three appointed by TVA, three elected by and from active employees who are members of TVARS, and a seventh selected by the other six who is a TVA retiree.
- TVARS administers a defined benefit (pension) plan and a 401(k) plan, the Tennessee Valley Authority Savings and Deferral Retirement Plan, which cover most full-time and part-time annual TVA employees.
Elected by Members
Michael L. Belcher
Elected 11/01/2018
Audit Committee
Investment Committee
Retirement Committee (Chair)
Michael D. Clement
Elected 11/01/2023
Election Committee (Chair)
Investment Committee
Scott Haulsee
Elected 12/12/2024
Audit Committee
Investment Committee
Appointed by TVA
Eric J. Davis
Chair
Appointed 4/01/2020
Election Committee
Investment Committee (Chair)
Lori E. Stenger
Appointed 11/01/2024
Investment Committee
Retirement Committee
Thomas W. Barnett
Appointed 12/20/2024
Investment Committee
Retirement Committee
Selected by Board Members
Marilyn G. Brown
Selected 11/16/2020
Audit Committee (Chair)
Election Committee
Investment Committee
Board Meeting Minutes
Annual Reports
Standing Committees
Audit Committee
Marilyn G. Brown (Chair)
Michael L. Belcher
Scott Haulsee
Election Committee
Michael D. Clement (Chair)
Marilyn G. Brown
Eric J. Davis
Investment Committee
Eric J. Davis (Chair)
[Committee of the whole Board]
Retirement Committee
Michael L. Belcher (Chair)
Lori E. Stenger
Thomas W. Barnett