Home » NEWS » Energy » TVA freezes pay of managers, specialists

TVA freezes pay of managers, specialists

NORTH MISSISSIPPI — The Tennessee Valley Authority (TVA) is freezing the base pay of about 3,500 managers and specialists until 2013.

The Chattanooga Times Free Press quotes TVA president Tom Kilgore, who said today the federal utility is joining the two-year pay freeze that Congress adopted for two million other federal employees.

Although TVA is a federal utility, it no longer receives direct government appropriations, so the move won’t save the government money.

Kilgore says it’s being done in the spirit of the pay freeze.

While the non-union workers at TVA won’t receive pay hikes, they will be eligible for performance-based bonuses. Those workers also just received a pay increase in the fall.

The freeze doesn’t apply to 8,600 union employees of the utility, who negotiate labor contracts with TVA.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*