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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Anyone with a lick of common sense would realise that mediocre pay will not retain high-quality employees unless some other incentive exists.
LLNL used to have those incentives, allowing it to get away paying folks so-so wages. Now those intangibles like interesting work, a stable work environment, and a good retirement package are all gone.
If LLNL is going be run by mercenaries, by God we ought to get premium mercenary-grade pay to go with it. That's how the major defense contractors can manage to get good people to work on their big projects despite letting them go after the project is complete.
You don't understand. he doesn't give a rats butt about you. he's making $437K a month plus perks and just to make that clear he has just taken you Pacific Care and health net away from you and gave you blue cross and Kaiser and then raised you out of pocket expenses on all insurances in a year where you are going to get 1.5 cents on the dollar. I'd say that was might kind of THAT !!! You can take that in any context you want.
http://dilbert.com/dyn/str_strip/000000000/00000000/0000000/000000/20000/2000/200/28232/28232.strip.print.gif
Watch it, mister. You can always be replaced.
(The Management)
A: Our contract with DOE requires that overall the Laboratory pay its employees based on market surveys. Our position to market is indeed an average-to-average comparison for benchmark positions as our contract dictates. This average-to- average comparison establishes on a percentage basis what the Laboratory will be allowed across the entire population to compensate its employees. Individual compensation decisions take into account skills, knowledge and abilities (SKAs), performance, and overall contribution to the Laboratory and may result in salaries above, at, or below the market average.
Do you people actually believe this. The way they rank you is by salary and perception, nothing else. They can help you if they wish or hurt you for your entire career as often as they wish and justify their every act completely.
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