Does anyone have a sense as to the future of the LANL TCP-1 (Pension) under a new M&O contractor. Will they have to continue it for transferring employees or freeze it and force employees into a 401K plan?
The current contract (Clause H-36) says this - "If the Contract expires, or is terminated and an award is made to a follow-on management and operating contractor, as a part of the transition to another entity and in accordance with Contracting Officer direction and applicable law the Contractor shall transfer sponsorship of site-specific pension and other benefit plans covering employees at the Laboratory to the follow-on management and operating contractor."
But does this mean transferring employees will continue to accrue benefits under TCP-1?
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