Tennessee Valley Authority
TVA Benefits
TVA employees enjoy a competitive list of benefits that offer flexibility to fit their lifestyles and provide peace of mind. From our superb insurance program, generous holidays and leave time, and high quality retirement plan to an award-winning Live Well program, we’ve got you covered!
Health
Care Benefits
Insurance
Family Benefits
Wellness
Transportation
Employee Discount Program
Retirement Benefits
Additional Benefits
Health Care Benefits
Many employees consider health-care coverage their most important benefit. It gives them the security of knowing they can take care of their own health needs and those of their families. There are different options to meet employees’ varying needs and employees can change plans during an enrollment period each fall.
Medical Plan
TVA offers a choice of three preferred-provider plans with varying levels of coverage. All the options include preventive care, hospital, physician, and prescription drug benefits, and two of the options include vision coverage as well.
Dental Plan
Three options are available for dental coverage. Each provides 100% coverage for preventive care services. All options also cover basic and major services at varying levels of reimbursement, and one includes orthodontic benefits for dependent children.
Health Care Flexible Spending Account
No matter which health-care plan employees choose, they will have some out-of-pocket expenses for things like deductibles and co-payments. This flexible spending account allows them to use before-tax dollars to pay for certain of these expenses.
Healthcare Assistance Program
This program provides easy access to information on health maintenance, illness and disease, and other health topics in a voluntary and confidential setting. The program is available to most employees, retirees, and their dependents. Services offered may include a 24-hour nurse line to answer health questions, a Web site for health-information access, and care-management services for those with chronic conditions.
Insurance
Core Benefits Provided By TVA
TVA provides all annual employees with certain benefits at no cost. Employees have $10,000 in life insurance and long-term disability benefits equal to 30 percent of their high three-year average salary.
Federal Employees’ Group Life Insurance (FEGLI)
Most TVA employees are eligible for this term life insurance plan, which is offered to all Federal employees. FEGLI offers varying levels of coverage for employees and dependents.
Optional Term Life Insurance
Employees may choose coverage ranging from one to five times their base annual salary. Dependent life insurance coverage is also available under this plan.
Accidental Death and Dismemberment Insurance
TVA offers employees an accidental death and dismemberment policy, with options of one to five times their salary for individual coverage. Employees can also purchase coverage for their spouses in an amount equal to one-half of their own coverage. Dependent coverage of $5,000 or $10,000 per eligible child is also available.
Optional Short-Term Disability
Employees have the option of purchasing Short-term Disability Insurance to replace a portion of their salary during a period of unexpected accident or illness. This plan can help provide financial security and peace of mind.
Optional Long-Term Disability
In addition to the core disability coverage provided by TVA, full-time annual employees may purchase additional disability coverage. This supplement to the core long-term disability plan may provide an additional 35 percent of income, based on the employee’s high three-year average salary.
Long-Term Care Plan
TVA employees are eligible to enroll in a long-term care insurance plan offered to all Federal employees and retirees by the U.S. Office of Personnel Management. This plan helps with the costs of nursing-home and assisted-living care, in-home care, and other services not covered by medical plans. This plan also offers employees the chance to buy coverage for their spouse, adult children, parents, and spouse’s parents.
Critical Illness Insurance
Because many expenses incurred as a result of a critical illness, such as a heart attack, stroke, or cancer are indirect, non-medical related expenses, TVA employees can purchase a Critical Illness Insurance plan to supplement the medical and disability plans.
Family Benefits
Flextime
Many TVA jobs are flexible, allowing employees to make adjustments in their work schedules to accommodate family needs or other personal activities.
Working Reduced Hours
There may be times during your career when you need to spend more time with your family, such as after the birth of a child or during a family member’s illness. TVA offers a program that may allow full-time employees to work part-time under such circumstances. Employee benefits continue as usual.
Dependent-Care Flexible Spending Account
Dependent care is important and can be expensive. The spending account offers you a way to set aside money before taxes that you can then use to pay for eligible dependent care expenses. Generally, the account can be used for dependent children to age 13, but it may also be used for other dependents who qualify as IRS dependents such as a parent who lives with you and requires care while you work.
Scholarship Program
The Employee Scholarship Program provides up to $5,000 per school year and is available to the children of TVA employees below the corporate-officer level. Twelve new scholarships are awarded each year. View additional information.
Employee Assistance Program
TVA provides an Employee Assistance Program (EAP) for TVA active employees and their dependents. EAP provides confidential assistance for a wide range of personal problems. The types of problems addressed include marital, alcohol and drugs, stress, financial, and legal concerns.
Wellness
Live Well
TVA’s Live Well is a comprehensive wellness program that encourages the reduction of health risk behaviors, fosters healthy lifestyles, and contributes to the management of health-care costs. It’s open to employees, retirees, interns, employees’ and retirees’ spouses, and dependents who are 14 years of age or older. Read more about Live Well.
Onsite Fitness Centers
There are 37 onsite centers at TVA facilities throughout the Valley. An off-site reimbursement program is available for employees at other locations.
Assessment, Education, and Intervention Programs
Live Well offers a wide array of services to help employees stay healthy. They include Lunch and Learn informational programs, online health evaluations, fitness testing, personalized exercise plans, blood pressure checks, and incentive activities. Click here to learn more.
Employee Assistance Program
TVA provides an Employee Assistance Program (EAP) for TVA active employees and their dependents. EAP provides confidential assistance for a wide range of personal problems. The types of problems addressed include marital, alcohol and drugs, stress, financial, and legal concerns.
Healthcare Assistance Program
This program provides easy access to information on health maintenance, illness and disease, and other health topics in a voluntary and confidential setting. The program is available to most employees, retirees, and their dependents. Services offered include a 24-hour nurse line to answer health questions, a Web site for health-information access, and care-management services for those with chronic conditions.
Tobacco Cessation Reimbursement Program
A tobacco cessation program provides reimbursement for employees and dependents of employees who participate in approved tobacco cessation programs or use approved tobacco cessation aids offered outside TVA, such as medication for tobacco cessation.
Transportation
Transportation Assistance
This program offers a variety of options to help TVA employees with commuting expenses. If you work at a TVA location where free parking is not provided, you may be reimbursed up to $50 a month for parking. If you ride in an eligible van pool, you may receive up to $65 a month toward that expense. A third program offers vouchers for public transportation.
Employee Discount Program
Computer Purchases
TVA helps employees stay technologically current by providing discount programs for home computer and computer accessory purchases. Employees can purchase products directly from Apple, Dell and Hewlett-Packard at discount prices. The other offers employees and retirees the opportunity to purchase surplus TVA computers.
Banking Perks
TVA employees are eligible for a wide array of banking discounts, which vary by financial institutions. Such discounts range from free checking and free online banking to discounts on installment loans, mortgages, and student loans. Discounts are provided by to TVA employees by Regions Bank, Bank of America, Tennessee Valley Federal Credit Union, Knoxville TVA Employees Credit Union, and the Muscle Shoals TVA Credit Union.
Services, Discounts, and Special Offers
TVA employees are eligible for a wide array of discounts from various businesses, merchants, and attractions in the Valley.
Retirement Benefits
For more information please visit TVARS.com.
TVA-Funded Pension Benefit
The Cash Balance Benefit Structure provides a TVA-funded pension benefit where pay credits equal to 6 percent of base compensation are made each pay period during employment. This account also receives interest credits each month at a minimum annual interest rate of 6 percent. At retirement, members with at least five years of cash balance service are eligible to have this account balance converted to a monthly payment.
Supplemental Benefit
This monthly benefit may be used by eligible retirees and eligible surviving spouses to help with the cost of medical insurance. The amount of this vested benefit is based upon the length of time spent as a member in the TVA Retirement System.
401(k) Savings and Deferral Plan
There are numerous investment options available through TVA’s 401(k) plan, with varying degrees of potential returns and associated risks. TVA provides matching contributions of 75 cents for each dollar contributed on a before- and/or after-tax basis, with maximum matching contributions of 4.5 percent of fiscal year-to-date base compensation. In order to receive the maximum matching contributions, a member must contribute at least 6 percent of their fiscal year-to-date base compensation. A member must have three years of Cash Balance service to be vested in the TVA matching contributions.
Fixed and Variable Funds
In addition to the 401(k) Plan, TVA offers two after-tax investment options consisting of member contributions and earnings on those contributions. The Fixed Fund earns a specified interest rate with interest credited on a daily basis. The Variable Fund is invested in a publicly traded stock index fund which reports its net asset value on a daily basis.
Additional Benefits
Holidays and Leave Time
Annual paid leave ranges from 13 days to 26 days depending on the length of service. The maximum that can be carried over to the following year is 240 hours. Paid sick leave is 13 days per year. Twelve weeks of unpaid family leave may be taken during any 12-month period.
An employee may transfer a portion of his or her annual leave to a co-worker who has a personal or family emergency.
Ten paid holidays occur each year: New Year’s Day, Martin Luther King Jr.’s Birthday, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving, and Christmas.
Tuition Reimbursement
TVA offers opportunities for full or partial tuition reimbursement to employees who take courses in high-demand fields that relate to current or future core business needs with the approval of their management.
Training & Development
TVA offers a variety of training and education opportunities that allow employees to continually upgrade their skills and remain competitive in today’s ever-changing workplace. Learn more at the Training & Development site.
Research Library
The TVA Research Library provides access to a variety of information services at locations in Chattanooga and Knoxville, Tennessee, and Muscle Shoals, Alabama, as well as through TVA’s intranet. The library can assist employees with links to electronic journals, online databases, and topical newsletters focusing on trends in business, the environment, information services, and power generation. Book check-out and interlibrary loans are also available.
TVA is an Equal Opportunity employer and complies with all applicable laws and regulations regarding equal employment opportunities.
Non-U.S. residents should read TVA's Citizenship Policy.
Individuals interested in claiming veterans’ preference should read the Information for Claiming Veterans’ Preference.