I would first like to take this opportunity to wish all TVARS beneficiaries a wonderful Christmas. All the best in 2020! The following 2020 COLA, interest crediting rates, and IRS contribution limits were reported by TVARS. The following financial update was based on TVA regulatory filings and reporting by Dave Flessner, Business Editor of the Chattanooga Times Free Press. Cost-of-living adjustment (COLA) for 2020 For 2020, the COLA for eligible retirees and beneficiaries will be 1.54 percent. TVARS Rules and Regulations provide that eligible retirement benefits (pension and supplemental benefits) will receive a COLA based on an inflation measure, which is the Consumer Price Index — All Urban Consumers (CPI-U) — an index maintained by the U.S. Labor Department that measures the price changes in a broad group of various goods and services purchased by consumers. Under TVARS Rules, the COLA is calculated as the percentage change in the average CPI-U for the period of November 2