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Pension Pain: TVA Retirement Plan $4.8 Billion Underfunded
Chattanooga Times Free Press Link to more items from this source
Nov. 18, 2014
"TVA boosted its net income and employee pay while paying down its debt in fiscal 2014. But for all its financial success, the federal utility failed to close a $4.8 billion shortfall in the pension program for nearly 36,000 current and retired TVA employees and their families. In fact, under an updated calculation made in 2014 to reflect the lower interest rate environment, TVA's underfunded pension plan appears to have gotten even worse in the past year."

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