I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
Comments
Pray tell, what do you envision as a "sweet surprise"? Fine crystal urine sample cups, gold plated polygraph leads?
At least the future isn't so bright that I need to buy shades. Money saved there.
I'll take that any day over being unemployed. Those minor monitoring processes don't bother me a bit.
Agreed. This economy is sinking fast. This is not the time for the government to be downsizing.
What would be nice is that any and all members of congress (and their staff) that are able to hear classifed breifings that in any way shape or form have passed though the DOE labs be subject to drug and polygraph testing themselves. If it's good enough for us, it should be good enough for them. I know - dream on.
Nah, what would be nice is to make them all take drug test and then take their pensions away and put them on a 401K telling them, opps, I know we made a promise but due to economic self centered goals we are taking your pension and benefits away and you can only save $20,500 a year for as long as we need your skill set and you are seen as a asset to the goals of the nation. Good luck and have a nice day. Oh and by the way. Social security may not be there neither when you need it. We're to busy letting in mob of illegal aliens from all ports of entry that need your tax dollars so we can hire them at a much lower rate of pay to take your jobs.
But please keep sending in those tax dollars so we can fight a war for oil, when in fact we could be spending $11B a month on becoming totally energy independent and divorce ourselves from the Arab world.
Yes we as a people of the USA are idiots for allowing this country to be run by bonehead congressman and senators who haven't a friggin clue and are there solely to assure big business like bechtel remains and empire. Maybe it's time to cut off the snakes head.
In about a year or two from now, you'll finally realize that the old LLNL you once knew is completely gone. Some workers will realize this faster than others.
From this point forward, everything you do at LLNL is only for the benefit of your new corporate masters. If you perform well, they will get a bigger profit fee to rip out of your operating budget and send out to the corporate partners. You, on the other hand, will get nothing.