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Showing posts from July, 2013

Credit for FY 2013 Lump-Sum Payments

The board of directors of the TVA Retirement System held its regular quarterly meeting Friday, June 28. The TVARS board approved changes to the TVARS rules and 401(k) Plan provisions to allow credit on up to 4% of regular salary or wages for certain TVA lump-sum payments made to employees in FY 2013 in lieu of base-wage or salary increases. The credit is used to calculate pension benefits under the rules and TVA matching contributions under the 401(k) Plan.

Court Case Reopened July 8, 2013

07/03/13 Plaintiffs’ MOTION (See entire document here .) The Plaintiffs Charles T. Evans, David McBride, Ronald E. Farley, Larry J. Simpson, Robert B. Bonds, and Steve Hinch move the Court to administratively reopen this civil action and conduct a case management conference. 1 The relief requested by this motion being within the sound discretion of the Court, a supporting memorandum of law is not filed. However, the Court may wish to note the civil action was administratively closed by Order entered 5/22/12 (Docket Entry no. 108) so the parties could engage in mediation with a view to a possible informal resolution of all issues. The Order granted a joint motion (Docket Entry no. 107) that accorded any party the right to petition for a reopening of the action if the mediation proved to be unsuccessful. The parties have engaged in mediation, spent hundreds of hours attempting to accomplish a mutually agreeable resolution, but are unable to resolve all issues. Accordingly, Plain