TVA Management : Information on Compensation for Top Managers: Rced-89-137br download

TVA Management : Information on Compensation for Top Managers: Rced-89-137br. U S Government Accountability Office (G

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Author: U S Government Accountability Office (G
Number of Pages: 42 pages
Published Date: 27 Jun 2013
Publisher: Bibliogov
Publication Country: United States
Language: English
Type: Pdf
ISBN: 9781289123031
File size: 17 Mb
Download Link: TVA Management Information on Compensation for Top Managers Rced-89-137br
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Pursuant to a congressional request, GAO reviewed the levels and types of compensation the Tennessee Valley Authority (TVA) provided its top management employees and its authority for making additional compensation payments. GAO found that: (1) supplemental compensation or relocation incentive payments used to circumvent TVA salary limitations were improper; (2) TVA used its supplemental compensation plan to provide additional compensation to recruit and retain top managers and reward outstanding managerial performance; (3) the plan differed from such Employee Retirement Income Security Act provisions as eligibility, funding, and contribution limits; and (4) TVA provided various types of compensation to its top managers in addition to a base salary, including relocation incentive payments, performance awards and bonuses, and paid medical insurance.

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