I was permitted to ask TVA CEO Bill Johnson my complete question during the Friday, Feb. 28 employee forum in Chattanooga. (See question here.) I was even permitted some follow-up questions. The video of the meeting was available live to those with access to the TVA network. TVA’s Communications group told me that a link to the recorded video should soon be made available on the TVA network, maybe Monday in TVA Today. I asked if I could have a link to share with my retiree friends outside of TVA, but so far I have been told that is “not our standard practice.”
The TVARS board is required to recommend a contribution from TVA to be made in fiscal year 2014 prior to the end of the current fiscal year. (See Section 9B on pages 51-53 of the rules here .) Since TVA sets its budget months before the end of the fiscal year, it is imperative that this recommended amount be: decided upon by the TVARS board as quickly as possible; sufficient to adequately fund TVARS; and consistent with the amounts charged to ratepayers for pension expense. All seven TVARS board members have an obligation to come together to accomplish this. (See TVARS board members here .) I sincerely hope we will be able to accomplish this without further rule changes suspending TVA contributions, or further claims that legitimate accrued benefits are not really vested and must be reduced. I hope we will be able to put an end to our failure to insure that amounts paid by TVA ratepayers for pension expense are used for their intended purpose. As a TVARS board member, I
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