LLNS just got a big chunk of money from UC for TCP1. These layoffs eliminate or reduce the amount that the RIFees get. Is there something actionable here in that the remaining TCP1 people just improved their financial position at the expense of those laid off?
2 comments:
I doubt it. The beneficiaries of the TCP-1 plan are promised a future payment that does not depend on the performance of the fund (unless it fails). Whether it has 110% or 140% more than liabilities has no impact on the beneficiary.
I guess, now that I think about it, having a 110% vs. 85% funded plan may mean the difference between substantial employee contributions or none. If enough decision makers eliminated people in TCP-1 from getting benefits to improve their own financial situation this might be malfeasance.
But I doubt it, No doubt the senior decision makers get a bonus in part based on how much they control costs through layoffs. So it is unfortunaltely a reality that managers are by design supposed to take advantage of their employees. Another reason LLNS was a bad idea for the taxpayer.
no the tcp-1 people that are still at llnl did not improve thier pension pay out one cent ! if you sheepeople had bothered to read the orignal rfp and white papers for the contract you would have notice a clause stating that doe gets keep all monies that are left over after the last payment is made to the last retiree. bend over doe and nnsa is driving the train!!!!!
10 BEAM
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