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Friday, April 27, 2012
Excerpts from Parney's written text to the Senate Subcommittee on Strategic Forces :
"If a Pension Protection Act waiver/exception/modification is not enacted, $88 million will have to be diverted from programmatic work in FY 2013."
Am I reading this correctly, it sounds like Parney is trying to get a waiver for the $88m employer contribution while sticking all of us with the employee contribution, is that what's going on here???
No of course not. There wouldnt be a need for any contributions. NNSA was trying to get llnl for 2 years to do employee-only contributions, and llnl mgmt refused.
3 comments:
"If a Pension Protection Act waiver/exception/modification is not enacted, $88 million will have to be diverted from programmatic work in FY 2013."
Am I reading this correctly, it sounds like Parney is trying to get a waiver for the $88m employer contribution while sticking all of us with the employee contribution, is that what's going on here???
No of course not. There wouldnt be a need for any contributions. NNSA was trying to get llnl for 2 years to do employee-only contributions, and llnl mgmt refused.
Thanks for the info.
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