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...
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I've also been wondering what they are doing since I'm a paying member, but maybe not for much longer!
It's time to hit the reset button and find something better. Scientists over at JPL seem to be well supported by their union:
www.iht.com/articles/
ap/2007/08/30/
america/
NA-GEN-US-NASA-Background-Checks.php
Scientists sue NASA, Caltech over deep new background checks - AP Aug 30, 2007
PASADENA, California: Jet Propulsion Laboratory scientists and engineers sued NASA and the California Institute of Technology on Thursday, challenging extensive new background checks that the space exploration center and other federal agencies began requiring in the wake of the Sept. 11 terror attacks.
We now operate under a completely different set of laws, and adjusting to this is not automatic. Despite collecting dues, SPSE is a member-run union, and there are a handful of members doing all the work. We're grateful to everyone who sends us good ideas, but what we really need now is a few interested members to get involved and act on them. In my opinion SPSE has succeeded best when a member with a passion for something gets involved, gets help, and gets it accomplished. As for status, you will see another Sentinel sometime soon. I know because I'm editing the thing. Sure, the web page needs updating. If this bothers you, then stop complaining and volunteer to help with it. JW
This is no different than our election process. Don't vote, you have nothing to say about what occurs. Protest and expel the trash from the Washington DC or any position deemed corrupt and you'll see change. The problem is, everyone says they don't have time and there's no use. Life is to short for me to bother. So what's next?