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TVA's pension among worst funded

TVA’s pension appears to be the worst funded of any corporate utility in the U.S., and the 4th worst funded of any U.S. corporation. On April 30, 2013, Pensions & Investments (P&I) magazine ranked electric utility Entergy’s pension the 7th worst funded corporate pension in the U.S. TVA was not included in P&I’s rankings. See here. Entergy was “beaten” by Goodyear, Sears, General Dynamics and three airlines. Entergy’s pension had a funded ratio of 63% at the end of 2012, while TVA’s had a funded ratio of only 59%. TVA’s funded ratio was also worse than those of Goodyear, Sears and General Dynamics. Thus, the only three U.S. corporations with a worse funded pension than TVA appear to be three airlines - American, United and Delta.

Note: TVA reports on a fiscal year basis with year ending September 30, while most other corporations report on a calendar year basis.

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