Benefit Programs for Retirees

WHAT

TVA provides the following insurance programs for eligible retirees:

The Under-65 medical plan for retirees who have not reached age 65.
Medicare supplement for retirees who are age 65 or over.
Federal Employees' Group Life Insurance.

WHO

All retired Salary Policy and annual Trades and Labor employees who have at least five years of TVA service or have reached age 60 (with no service requirement) are eligible to participate in TVA-sponsored medical plans.

WHY

TVA recognizes the importance of providing former employees with quality benefit programs after retirement.

HOW

MEDICAL PLAN

This plan provides medical coverage after retirement. All retirees are required to make a monthly contribution toward the cost of their coverage, and any employee who retires before age 55 must pay the full cost of the plan at group rate. If you retire after you reach age 55, the amount of your contribution is based upon the combination of your attained age and creditable service points as of your date of retirement. These points are frozen on the date you retire and do not change. When you reach your 65th birthday, a supplement to Medicare is offered.

LIFE INSURANCE

Life insurance coverage is only available through the FEGLI plans.

Information about continuing your FEGLI coverage after retirement is available from Compensation and Benefits.

ROLES

All Employees

Complete the enrollment form (EB-100) for retiree insurance when you retire.

Compensation and Benefits

Provides consultations to employees upon request.
Answers employee questions about any TVA benefit plan.

RESOURCES

Benefits Managers/Specialists
Human Resource Managers/Officers

Last Revised 7/1996