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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And that is why I'm moving on. After 3 years as a staff scientist I have grown tired of the politics, tired of the struggle against our own management to bring funding into the lab, and tired of how ineffectual EVERYONE has become as the daily gossip and talk of re-orgs and other pointless management exercises has taken over completely from the excitement over just getting the science done that apparently existed here 5-10 years ago. Since I've been offered a great position in industry, which I might well have taken even if there weren't so many problems at LLNS, I'm moving on to accelerate my career in a way that has become impossible for young scientists here at the lab. It's a position with more responsibility and a higher salary.
So many good scientists have left or are leaving at the moment actually that soon there won't be any good science happening at LLNL and my first point about postdocs will not be true.
I won't start my new position for another month but I'll be sure to come back here and post something about the differences once I've had time to absorb them. Could be 6 months to give an accurate assessment, I suppose. I don't expect completely green grass over on the other side!
Am I happy I left, yes and no. I am happy that I am, for all intents and purposes, my own boss and my schedule is my own (apart from 3 hours/week when I teach). No more of this 'hero' BS where if ou were the fovorite of the managers you moved places regardless of performance or value.
The flip side is I liked the work I did. Just did not like the politics and what I perceived as, unfair merit raises..
Someone mentioned his/her division manager treated people like robots.
That person is right!
Time for the S&T PAD head to take a closer look and see for themselves!