tag:blogger.com,1999:blog-5936951073896589340.post2373780996173638401..comments2024-03-27T20:42:17.293-07:00Comments on LLNL - The True Story -: I received from LLNS my TCP1 (Defined Benefit Pension) summary noticeUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936951073896589340.post-12815553481215505202009-05-14T07:26:00.000-07:002009-05-14T07:26:00.000-07:00They were lucky that the Dow was at $14,000 when U...They were lucky that the Dow was at $14,000 when UC figured out the percentage of the UC fund for the UC employees at LLNL. The folks at LANL weren't so lucky, saw in the paper their TCP 1 is in trouble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936951073896589340.post-38475509697261888112009-05-06T10:06:00.000-07:002009-05-06T10:06:00.000-07:00"However, TCP1's liabilities will increase rapidly..."However, TCP1's liabilities will increase rapidly as the mean 'age factor' of participants grows."<br /><br />Not if LLNS manages to layoff workers well before they reach the age of 60. That's what typically happens in most US corporations where age discrimination is rampant. Expect LLNS to follow the same route. Just look at the stats from the last LLNL layoff to see the trend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936951073896589340.post-88161703022056107122009-05-05T20:12:00.000-07:002009-05-05T20:12:00.000-07:00My *interpretation* is that numbers look quite rea...My *interpretation* is that numbers look quite reasonable and better than what UCRP is reporting (per newspapers). However, TCP1's liabilities will increase rapidly as the mean 'age factor' of participants grows. (The middle of the bell curve is going to traverse from roughly 50 to the max-out at age 60.)<br /><br />Perhaps that effect is already calculated into the current perceived liability. But if not, it may explain why UCRP transferred so many funds to TCP1.<br /><br />Usual disclosures that I am not a certified financial counselor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936951073896589340.post-28382783858803974782009-05-05T10:46:00.000-07:002009-05-05T10:46:00.000-07:00The funny numbers in that TCP1 report are a fairy ...The funny numbers in that TCP1 report are a fairy tale. Beware.Anonymousnoreply@blogger.com