Saturday, November 19, 2011

Wage Freeze For Employees Of VAT, But Up To $ 352,000 CEO

Chattanooga (AP) - A day for the Board of Directors expanded the Tennessee Valley Authority to pay to stop the second year, the report shows TVA CEO Tom Kilgore remuneration increased by $ 352,000 $ 3,950,000 fiscal year 2011.

A deposit of VAT Friday with the Securities and Exchange Commission shows salary increases for all five of its leaders.

Kilgore is one of the highest paid employees in the United States Federal.

TVA Vice President Janet Herrin, said on Friday, the growth is mainly due to the value of a pension Kilgore.

TVA will pay $ 107 million annual "winning performance" incentives Wednesday to its nearly 13,000 employees. It is around $ 8,300 for the average employee.

TVA serves about 9 million people in Tennessee, Kentucky, Alabama, Mississippi, Georgia, North Carolina and Virginia.

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