I head December but who knows. I also heard that Bechtel is no longer interested in being part of any rebid. Other "rumors" are that TCP1 will be terminated, U Texas and U of California could be interested, and that the the system could go back to non-profit. Of course this is all just speculation.
Termination (freeze-out) of TCP1 would lock-in the service credit of those who have yet to retire. They would keep the accumulated service credits they have at the time of the TCP1 termination but continuing to work at LANL wouldn't lengthen their service credit in subsequent years at the lab. This would result in far less pension payouts than most current employees on TCP1 are expecting. It would also not be "substantially equivalent" to what is currently available to the pensioned employees still working at UC but any LLC contract change-over effectively kills off the "substantial equivalent" promise from DOE.
Current employees who are on TCP1 would be very angry with the announcement of TCP1's termination (freeze) but it's the type of thing you could expect DOE/NNSA to do to reduce costs in operating their labs. Lots of corporations have frozen their pensions over the last decade, at least for those employees not in the "executive chain". It wouldn't surprise me to see the same thing happen at both LANL and LLNL in coming years. LANL would probably be the first to go this route. It's also yet another reason why DOE/NNSA would probably like to re-bid the LLC contracts.
By the way, you can also expect the next contract to reduce or totally eliminate medical retirement benefits. Because they are not a guaranteed benefit, even those who have retired would be affected by this change. As with a pension freeze-out, lots of corporations have eliminated or greatly reduce retirement medical benefits, too. With federal budgets for agency spending expected to continually shrink in coming years due to the rapid rise in Social Security and Medicare costs, the government will soon be looking for ways to cut their discretionary spending any way they can.
Your source for this information is?