The TVARS Board has the power to reduce your TVA 401(k) match. The TVARS Board has twice voted 4-3 to reduce pension benefits. Reducing your 401(k) match is the obvious next lever to pull.
An average of less than one of every three employees voted in the initial election this year for one of the three elected director spots on the TVARS Board. The runoff election ends October 10th. See election details here.
Please encourage other employees to vote, especially those who have not been with TVA very long and may not realize that the TVARS Board controls the amount of their 401(k) match.
It is important to elect someone who will work with Jim Hovious and Sam DeLay to protect your 401(k) benefits. The term of the current seventh director ends October 31st. The seventh director has been the fourth and deciding vote in reducing pension benefits. Per TVARS rules, selecting a new seventh director requires four votes from the other six directors. A current sitting seventh director cannot vote on the next seventh director.
If another director who is amenable to TVA is elected, TVA executives will again control five of the seven directors, and will continue to impose their will on the TVARS members who did and do the real work at TVA.
Please VOTE and spread the word to your co-workers!
An average of less than one of every three employees voted in the initial election this year for one of the three elected director spots on the TVARS Board. The runoff election ends October 10th. See election details here.
Please encourage other employees to vote, especially those who have not been with TVA very long and may not realize that the TVARS Board controls the amount of their 401(k) match.
It is important to elect someone who will work with Jim Hovious and Sam DeLay to protect your 401(k) benefits. The term of the current seventh director ends October 31st. The seventh director has been the fourth and deciding vote in reducing pension benefits. Per TVARS rules, selecting a new seventh director requires four votes from the other six directors. A current sitting seventh director cannot vote on the next seventh director.
If another director who is amenable to TVA is elected, TVA executives will again control five of the seven directors, and will continue to impose their will on the TVARS members who did and do the real work at TVA.
Please VOTE and spread the word to your co-workers!
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