Leonard Muzyn's TVARS Blog

On August 23, 2017, the TVA Board approved TVA’s $300 million contribution to the TVA Retirement System for fiscal year 2018.  The TVA Board also approved an additional one-time $500 million contribution to be made this fiscal year (fiscal year 2017). This additional $500 million, plus annual credited interest, can be used by TVA in lieu of contributions at any future time at TVA's discretion. (See Section 9B5 on page 64 of TVARS' rules .) It does not increase TVA's long-term funding commitment to TVARS.   The United States Government Accountability Office (GAO) has already pointed out in its March 2017 report that TVA's long-term funding commitment is not enough to ensure the plan’s full funding.  The GAO specifically stated that TVA should “propose, and work with the TVARS board to adopt, funding rules designed to ensure the plan’s full funding.”  (See the GAO’s recommendations for executive action on page 34 of their March 2017 report .)  Why will TVA not work

Employees who are TVARS members will elect a director from the four candidates listed below for a three-year term on the TVARS Board.  The term will run from November 1, 2017, through October 31, 2020. Sam DeLay  – Senior Program Manager, Energy Use Technology, Enterprise Research and Technology Innovation, Chattanooga Andrew McFalls  – Unit Operator, Power Operations, Bull Run Fossil Plant Jerry Snyder  – Specialist, Senior System Operator, Transmission Operations and Power Supply, Chattanooga Tony Troyani  – Senior Instrument Mechanic Foreman, Power Operations, Cumberland Fossil Plant Click on the names above to view detailed candidate information. Election-America, Inc., an independent election firm, will handle the voting process this year.  Election ballots will be mailed to employees’ home addresses, and employees will also receive voting information at work by e-mail directly from Election-America. Employees will be able to vote online or by phone during the elect