Leonard Muzyn's TVARS Blog

Posted By tvatoday On August 25, 2014 @ 10:06 am Employees have until midnight EDT Wednesday, Sept. 3, to cast their ballots in the TVA Retirement System board election. Employees were sent ballots from VR Election Services. For assistance, including a ballot replacement, call 800-218-4026 (Monday-Friday 9:30 a.m. to 6 p.m. EDT). Employees who are TVARS members will elect a director from the two candidates listed below for a three-year term on the TVARS Board. The term will run from November 1, 2014, through October 31, 2017. Steve Ellis  – Facilities Maintenance Technician, Security Installation & Maintenance, Supply Chain & Facilities, Chattanooga Tony Troyani  – Senior Instrument Mechanic Foreman, Power Operations, Cumberland Fossil Plant Click on the names above to view detailed candidate information and campaign statements (if submitted). Campaign statements will be updated weekly throughout the election if a candidate submits an update. VR Election Serv

Included in TVA’s fiscal year 2015 budget approved by the TVA Board this week was a $215 million contribution to TVARS.  TVA’s CEO was also given the discretion to contribute up to an additional $60 million.  Per the TVA press briefing excerpt below, funding the pension is “one of several issues TVA must manage as it balances the interests of plan participants, our customers and the overall financial condition of TVA.”  TVA notes that a 63 percent funded system with a $4.3 Billion shortfall, “is an improvement over last year, when the system was funded at 59 percent.”  TVA did not address why pension funding continues to be withheld even as funds are collected from ratepayers to specifically cover pension costs.  Based on information received by TVA retiree Dan Pitts from TVA through a Freedom of Information Act request, TVA expects to collect $528 million from its ratepayers in the current fiscal year specifically to cover pension costs, but plans to contribute only $250,000,000

Employees who are TVARS members will elect a director from the two candidates listed below for a three-year term on the TVARS Board. The term will run from November 1, 2014, through October 31, 2017. Steve Ellis – Facilities Maintenance Technician, Security Installation & Maintenance, Supply Chain & Facilities, Chattanooga Tony Troyani – Senior Instrument Mechanic Foreman, Power Operations, Cumberland Fossil Plant Click on the names above to view detailed candidate information and campaign statements (if submitted). Campaign statements will be updated weekly throughout the election if a candidate submits an update. VR Election Services, a leader in the election services industry, will handle the voting process again this year. Election ballots and instructions will be mailed to employees’ home addresses on August 14. Employees will also receive voting information at work by e-mail directly from VR Election Services. The election will be open from August 18-September 3 (24