Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 628

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 628
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Earnings(1)All OtherCompensation(2)TotalWilliam J. Renick$65,331 $— $— $— $— $3,019 $68,350 Robert P. Klein63,087 — — — — 3,077 66,164 A. Wade White63,087 — — — — 3,064 66,151 Beth P. Geer (former director)44,943 — — — — 604 45,547 Beth H. Harwell (former director)17,984 — — — — 3,077 21,061 L. Michelle Moore (former director)32,362 — — — — 3,064 35,426 Brian E. Noland (former director)17,984 — — — — 3,077 21,061 Joe H. Ritch (former director)36,174 — — — — 3,320 39,494 

Notes

(1)   TVA directors do not participate in the TVARS Retirement Plans, TVA's SERP, or any non-qualified deferred compensation plan available to TVA employees.  However, as appointed officers of the U.S. government, the directors are members of FERS.  FERS is administered by the federal Office of Personnel Management, and information regarding the value of FERS pension benefits is not available to TVA.

(2)  These amounts include TVA's non-elective and matching contributions to the Thrift Savings Plan. 

The directors are not eligible to participate in any incentive programs available to TVA employees.  The directors do not participate in the TVARS Retirement Plans and do not participate in TVA's SERP.  However, as appointed officers of the U.S. government, the directors are members of the Federal Employees Retirement System ("FERS").  FERS is a tiered retirement plan that includes three components: (1) Social Security benefits, (2) the Basic Benefit Plan, and (3) the Thrift Savings Plan ("TSP").  As members of FERS, each director is required to make a mandatory percentage contribution of his or her stipend to the Basic Benefit Plan in the amount of 0.8 percent for those directors appointed prior to January 1, 2013