More tools available on TVARS intranet site
TVARS will accept nominations through Friday, July 15, for a three-year term on the TVARS Board of Directors. The term will run from November 1, 2016, through October 31, 2019. Read more or download the nominating petition.
Evans v. Tennessee Valley Authority Retirement System and Tennessee Valley Authority
On August 12, 2016, the United States Court of Appeals for the Sixth Circuit issued a decision holding that cost-of-living adjustments (“COLAs”) are not vested benefits and, therefore, the 2009 amendments did not violate the TVARS Rules and Regulations (Section 13), which prohibit amendments that reduce vested benefits. In addition, the Sixth Circuit reversed the District Court’s holding that there was no judicial review of the TVARS Board’s actions, and remanded all other issues to the District Court “for further proceeding consistent with [the Sixth Circuit’s] opinion.” See the Sixth Circuit’s opinion and judgment.