Tuesday, December 28, 2010
TVA Freezes Base Pay
KENTUCKY...
TVA is freezing the base pay of about 3,500 managers and specialists until 2013.
TVA President Tom Kilgore said Monday the federal utility is joining the two-year pay freeze that Congress adopted for 2 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 nonunion 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.
TVA is freezing the base pay of about 3,500 managers and specialists until 2013.
TVA President Tom Kilgore said Monday the federal utility is joining the two-year pay freeze that Congress adopted for 2 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 nonunion 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.
# posted by Homer Owens @ 11:12 PM 
