TVA Retirement System (TVARS) Board members Jim Hovious and I continue working towards the reform needed to secure the stable financial futures of both TVA and TVARS. We are again urging the TVARS Board to approve an amendment to the rules which will ensure the pension plan achieves full funding. We are now supported in our efforts by the recommendations of the March 2017 GAO Report to Congress on TVA. Our proposed amendment would eliminate the funding shortfall in 20 years. Per the GAO's report, 15 to 20 years is the maximum period recommended by a Blue Ribbon Panel commissioned by the Society of Actuaries. The GAO report indicates that TVA officials have stated a goal to fully fund the pension within 20 years, but that TVA has not identified such a goal or milestones in its performance plan or report. In contrast to TVA's stated goal, TVA officials told the GAO that TVA does not plan to contribute more than the TVARS Rules require. This wi...