.......................................................... Taxpayers face $1.7 billion bill as nuclear lab pensions soar
Washington Post, June 14, 2011
Lockheed Martin and other contractors that manage U.S. nuclear facilities stand to reap $1.7 billion in savings next year while the Energy Department pays for their ballooning employee pension costs.
The pension bills of the contractors, which include Bechtel Group and URS, are projected to more than double from $728 million in the fiscal year that ended Sept. 30 and increase almost 40-fold from $43 million in fiscal 2001, according to federal auditors.
..For-profit companies also make billions running the labs. Bechtel and Babcock & Wilcox are involved in managing Los Alamos, and Sandia, a unit of Bethesda-based Lockheed, has received $24.8 billion since 1999 to manage facilities including the Sandia National Laboratory in New Mexico, according to Bloomberg data....
2 comments:
Speaking of benefits.....
www.washingtonpost.com/business/economy/
taxpayers-face-17-billion-bill-as-nuclear-
lab-pensions-soar/2011/06/09/AGlcOMSH_story.html
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Taxpayers face $1.7 billion bill as nuclear lab pensions soar
Washington Post, June 14, 2011
Lockheed Martin and other contractors that manage U.S. nuclear facilities stand to reap $1.7 billion in savings next year while the Energy Department pays for their ballooning employee pension costs.
The pension bills of the contractors, which include Bechtel Group and URS, are projected to more than double from $728 million in the fiscal year that ended Sept. 30 and increase almost 40-fold from $43 million in fiscal 2001, according to federal auditors.
..For-profit companies also make billions running the labs. Bechtel and Babcock & Wilcox are involved in managing Los Alamos, and Sandia, a unit of Bethesda-based Lockheed, has received $24.8 billion since 1999 to manage facilities including the Sandia National Laboratory in New Mexico, according to Bloomberg data....
The GOP has already made it clear they are ready to default on US debts and obligations.
Don't count on those lab pension check from either LANS or LLNS in future decades.
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