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​

Sam Delay
Vice Chair

Elected 11/01/2017
Investment Committee
Audit Committee
Retirement Committee

belcher

Michael Belcher
Elected 11/01/2018
Investment Committee
Retirement Committee — Chair

James Hovious
Elected 11/01/2013
Investment Committee
Election Committee — Chair

Appointed by TVA

Tina Wallace

Tina Wallace
Investment Committee
Audit Committee — Chair

Eric Davis

Eric Davis
Appointed 04/01/2020
Investment Committee — Chair
Election Committee
Retirement Committee

Brian Child

Brian Child
Chair
Appointed 09/19/2013
Investment Committee

Selected by Board Members

Marilyn Brown

Marilyn Brown
Investment Committee
Audit Committee
Election Committee

Standing Committees