Benefits-value comparator assessment list approved by NNSA Lawrence Livermore National Security, LLC (LLNS) received approval from the National Nuclear Security Administration Wednesday on a list of benefits-value comparator companies, to fulfill one of its requirements in maintaining its current Total Compensation Package (TCP-2).
NNSA accepted LLNS’ request for an equivalent TCP-2 to Los Alamos National Laboratory back in July. That acceptance was conditional for one year, and required re-evaluation of comparator companies and analysis of the LLNS TCP-2 benefits compared to this list, as well as an analysis of benefits costs.
The first deliverable for this reevaluation was a new list of comparator companies, to be approved by NNSA by the end of 2007. The current list of comparator companies includes companies comparable to the Laboratory.
Eight of the companies are located or headquartered in California; four are located or headquartered in the greater Bay Area.“I am pleased with getting over this first hurdle,” said Tammy Jernigan, associate director for Strategic Human Capital Management.
“We plan to work closely with Los Alamos as well as LSO on completing this assessment.”
3 comments:
well, in the tri-valley piece a few weeks back it mentionned that George was "going to bat" for LLNL employees to improve benefits in order to make it more competitive with other bay area companies. We'll see if ULM has the stones to make this happen. unfortunately, i'm afraid that this is a case where past performance will correlate with future expectation.
Say goodbye to your 3.5% to 5.5% age factor contributions. TCP-2 people are screwed and will not and can not make up what they were screwed out of by NNSA when they took their UCRP from them.
It's my hopes that LLNL will never be able to employee anyone ever again. Anyone in their right mine would never come to work for LLNL for the wages or the benefits.
You can get better wages and better benefits at a lot of places.
"Say goodbye to your 3.5% to 5.5% age factor contributions."
Maybe much later this year, if at all this year. The BenVal study early- to mid-summer, with a plan to cut back benefits, if needed to get to 105%, submitted to NNSA by the end of summer. And then NNSA will have to review and approve any changes. Meanwhile, the service-based contributions continue to accrue to your accounts (they can't take it back after they've given it to you). And until we see the list of comparator companies, anything's possible.
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