PLEASE READ—

 The article “Paid Your Dues? Look at the Label” in the June issue of TVARA News states that the membership-subscription expiration date is shown on your mailing label above your name.  Unfortunately a printing error occurred as the label was being printed and the date did not appear as stated.  This was not discovered until after the newsletter was mailed.  We deeply regret any inconvenience that this has caused.  We will correct this error and it should appear correctly on your label for the September 2010 issue. 

 Kind regards, TVARA Editorial Staff

********************************************************************************************************************

To view the Facts and Figures on the TVA Retirement System click on "Announcements"
**************************************************************************************************************  

 New Report Added to OIG Web Page - Review of TVA's Pension Risk, please click on link below:

 http://oig.tva.gov/PDF/10rpts/2009-12326.pdf

 
Chattanooga Times Free Press on TVA Retirement Plan, please click on link below:
 
 
*************************************************************************************************************************
2010 Cost-of-living Adjustment Information

As previously communicated, the TVA Retirement System Board approved amendments to the cost-of-living adjustment (COLA) for the years 2010 to 2013. Based on this temporary change, the COLA will be calculated as follows:

For calendar year 2010, the COLA will be 0%.
For calendar year 2011, the COLA will be the increase in the CPI, capped at 3%
For calendar year 2012, the COLA will be 0%.
For calendar year 2013, the COLA will be the increase in the CPI, capped at 2.5%

At the end of this four-year period, the COLA benefit will be restored to increase in CPI capped at 5%.

The recommended COLA for retirees and beneficiaries for 2010 would have been 0% even if the TVARS Board had not approved this temporary change

Based on the comparison of the CPI percentage change in the period November 2007 to October 2008 to the period November 2008 to October 2009, the CPI change was calculated as a decline of 0.63%. .

*************************************************************************************************************************
 
 
 *********************************************************************************************
FOR ADDRESS CHANGES NOTIFY:  TVA Retirement System, 400 W. Summit Hill Drive, Knoxville, TN 37902 or
Call toll-free 1-800-824-3870
 
FOR INFORMATION REGARDING PENSION BENEFITS & 401(K) ACCOUNTS: Call TVA Retirement System toll-free 1-800-824-3870 or visit the website @ www.tva.gov/retireeportal
 
FOR MEDICAL AND DRUG COVERAGE: Call Employee Service Center toll-free @ 1-888-275-8094
 
FOR TVARA MEMBERSHIP CONTACT GEORGE JACOBS AT 865-632-8542
FOR NEWSLETTER INFORMATION: Contact tvara@tva.gov or call 865-632-3318, or contact your local TVARA Chapter President. 
 
*********************************************************************************************
 
 
Username:
Password:
 
Copyright © 2010  TVA Retirees Association • Knoxville, TN • (865) 632-3318