In 2014, TVA funded 100% of its executive pension cost, but less than 50% of its non-executive pension cost. Per TVA’s 2014 10K financial statement : Supplemental Executive Retirement Plan. TVA has established a SERP for certain executives in critical positions to provide supplemental pension benefits tied to compensation that exceeds limits imposed by IRS rules applicable to the qualified defined benefit pension plan. TVA has historically funded the annual calculated expense (p. 124) TVA contributed $256 million of $517 million in total pension cost, including the executive pension, charged to ratepayers in 2014. (pp. 126, 128)