Many employees of the Tennessee Valley Authority will get the biggest paychecks of their TVA career next week when the federal utility awards a record-high $180 million of performance pay to its nearly 10,000 workers.
The Chattanooga Times-Free Press reported on Monday that just ahead of the Thanksgiving holiday and next week’s Black Friday sales, TVA will distribute Winning Performance payments for fiscal 2021 that will provide the typical worker an extra $7,492 in recognition of TVA meeting or exceeding all of its major corporate goals.
North Georgia EMC that provides electricity to a portion of Chattooga and surrounding counties is a member-owned TVA co-op.
The annual performance payments, which are up $17 million over what was paid to workers in incentive pay a year ago, are in addition to the individual merit pay and negotiated wage adjustments each year that average about 3.1% across the TVA organization.
Last week, TVA directors approved paying the full amount of Winning Performance pay after calculating that TVA had achieved 142% of the target levels to yield the biggest such incentive pay per employee ever.
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