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 hope this was written to describe LLNS ULM and not the workers who actually want to do something other than weapons work.
Atlas_Shrugged
I think all employees, including their leadership, actually want to get things done for the country. Unfortunately, LLNL is being marginalized in the process....
A new laser system for Univ of Rochester
A new computer cluster for Oak Ridge
Two anchor organisations ( NIF and Comp/LC ) just got some serious competition with lots of DOE/NNSA bucks and officials praising the other guys.
You don't need a prophet to read the handwriting on this wall.
NIF will probably come on-line as scheduled and will do a few shots to prove it was worth $4.5B - $5.5B what ever comes first and then it'll just go wayside and be forgotten. Once that happens in conjunction with no more weapon work and no more Pu on site I'd say LLNL should be closing the gates for good except for ULM who by that time will be rectal employees only from the business side. The crew to run a 24-7 shift at NIF will be entirely contract and on call. How long will this take. How about by the end 2014 or the end of the LLNS contract. If the employee of LLNL were smart they'd be planing to be unemployed or retired by the Oct 1st, 2014. That means their homes and cars need to be paid in full and they need to be out of debt entirely with their financing and life planed around what their retirement check will be. Better get those calculators out and base the outcome on a stock market that's to flat for decades to come and only getting a 2.5% return on their 401k and investments. That's as good as it's going to get. Wasn't having your UCRP jerked out from under you such a wonderful thing?
I can't imagine NIF being the nations premier long term diagnostic equipment especially when its laser are out of date already, far to complicated in construction and in size. My understanding is smaller and more powerful lasers with faster rep rates are already in use elsewhere and could be used in place of these dinosaurs lasers currently in use. So what are we funding?
Interesting. Never heard NIF described as being a dinosaur. Didn't they find dinosaur bones when excavating the work site? That should have been taken as an omen.
High paying welfare jobs, and little else. It was nice while it lasted, though, wasn't it?