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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Highlights:
- RRW is ZEROed
- $270M new money for Non-Proliferation, includes:
• an additional $60 million in “proliferation detection to expand research in critical research and development for high-risk, high return nuclear detection capabilities”
• an additional $20 million for the implementation of a sustained research and development capacity in nuclear detection and nuclear materials security.
• an additional $20.5 million for nuclear explosion monitoring.
- National Technical Nuclear Forensics Center: $15 million (down from the FY2008 budget
request of $16.9 million and up from FY2007 spending of $13.3 million) for nuclear forensics research to improve the scientific and technical capability to identify the source, nature and use of nuclear materials.
Based on these firm numbers, shouldn't we be focusing on building up the nuclear non-proliferation program at LLNL rather than over-hyping the nuclear forensics area? Why would there ever be a large investment in learning about "after the fact"? Isn't it a better investment to attempt to stop the event from happening?
I just have a few LDRD related news and rumor. It seems the lab is spreading the LDRD even thinner than in previous years. One of my ER accounts just got halved. They say it's fine to cut the deliverables too. They are delusional enough to think that the deliverables that I write down are more important than completing the real aims of the project!
Someone else I know had their ER essentially cut in half although oddly they told him he was getting 100% of what he asked for. Seemingly they just had the wrong dollar amount written down in the first place. Unbelievable!
And it seems they intend to fund as many SIs as possible at a low level rather than make proper investments in a few larger projects. This is known as the the "s**t at the fan" approach. It's clear that the management is even more clueless and even more scared to commit to anything than they've ever been.