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2020.pdf

ar-2020.pdf
Preview of 2020
🔗 Source: tvars.com
📊 Size: 1.3 MB
👤 Author: hshuskey
⬇️ Downloads: 80

Summary

Tennessee Valley Authority Retirement System's 2020 annual report shows net assets available for benefits of $8.15 billion, with a 0.1% increase from 2019. The TVA Savings and Deferral Retirement Plan (401(k) Plan) had net assets of $3.25 billion, a 16.2% increase. Total net assets available for benefits were $11.4 billion, a 4.2% increase. The System paid $730.9 million in benefits and TVA contributed $300 million. The funded status improved to over 87% at the end of the fiscal year. Employee contributions to the 401(k) Plan were $113.4 million, with TVA matching and non-elective contributions of $87.3 million.

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Description

Tennessee Valley Authority Retirement System's 2020 annual report shows net assets available for benefits of $8.15 billion, with a 0.1% increase from 2019.

Technical Information

  • File Format: PDF
  • File Size: 1.3 MB
  • Pages: 45
  • Language: EN
  • Author: hshuskey
  • Total Downloads: 80
  • Last Updated: 15 hours ago

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