Retirement System Proposed Changes

The TVA Retirement System (TVARS) Board has received a proposal from TVA President & CEO Bill Johnson, requesting amendments to the TVARS Rules and Regulations regarding retirement benefits, TVA’s contributions to TVARS, and TVARS governance. Johnson has requested that the TVARS Board vote on the proposal within the month of January. Only the TVARS Board has the authority to amend the TVARS Rules to implement these proposed changes. In the event the TVARS Board approves these proposed changes to the TVARS Rules, the TVA Board would have 30 days to veto the amendments. See the links to the right to review the message from Bill Johnson to Employees and Retirees, information provided to the TVARS Board, and information on how these proposed changes might impact you.

Information from TVARS (PDF format)

Bill Johnson’s message to Employees and Retirees

Bill Johnson’s letter to TVARS Board

Proposed changes for employees first hired on or after 1/1/96 who are in the Cash Balance Benefit Structure and were never a member of the Original Benefit Structure

Proposed changes for employees first hired before 1/1/96 who were in the Original Benefit Structure and elected to be in the Cash Balance Benefit Structure during 1996 or 1998

Proposed changes for employees in the Original Benefit Structure

Proposed Changes for Retirees