Skip to main content

[Comments on Pension and Compensation-Related Matters Concerning Upper Level TVA Employees]

B-222334.4 Published: Apr 04, 1989. Publicly Released: Apr 18, 1989.
Jump To:
Skip to Highlights

Highlights

Pursuant to a congressional request, GAO commented on the legality of the Tennessee Valley Authority's (TVA) use of certain pension and related plans to compensate its executive-level management staff. GAO noted that the plans clearly circumvented the statutory limitations on salary, since the plans increased the executives' salary levels above those of the TVA Directors.

Full Report

Office of Public Affairs

Topics

Employee benefit plansEmployee incentivesEmployee transfersExecutive compensationFederal corporationsPersonnel managementQuestionable paymentsRelocation allowancesStatutory lawWages