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 will try my best to make the top two posts less invasive!
the word!
Thanks
I'm going to completely ignore the March 31, 2008 5:25 PM post and I'm about to abandon this blog because of the few idiots that keep ranting without any real substance. Too bad because we could use some useful information about our future (or lack of it).
Please feel free to abondan the BLOG.
This BLOG is for free speech; some people get excited and get off topic sometimes but that does not make them idiots.
I have updated the rules to say that comments will not be published if they are off topic and also gave instructions on how to get a new topic started.