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This BLOG is for LLNL present and past employees, friends of LLNL and anyone impacted by the privatization of the Lab to express their opinions and expose the waste, wrongdoing and any kind of injustice against employees and taxpayers by LLNS/DOE/NNSA. The opinions stated are personal opinions. Therefore, The BLOG author may or may not agree with them before making the decision to post them. Comments not conforming to BLOG rules are deleted. Blog author serves as a moderator. For new topics or suggestions, email jlscoob5@gmail.com

Tuesday, May 8, 2018

The future TCP1

This could be TCP1 in a few years

http://money.cnn.com/2018/05/07/retirement/pension-fund-cuts-teamsters/index.html

For all those that say it could never happen, you may want to rethink the situation after reading the most recent cuts to pension plans. Just because you paid into it your whole career does not guarantee that it will pay you a full benefit pension all your retirement.

1 comment:

Anonymous said...

The annual TCP1 funding letter from LANS shows that the amount of funding has fallen over the last three years in a row. It's now down to about 105% of sufficient funding. I suspect it is falling as more highly paid staff leave LANL for retirement on the TCP1 pension. I have to wonder if it will fall below 100% in funding over this next year with the contract transition and even more staff deciding to call it quits and retire.

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