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...
Comments
Career Indefinite - 5099
Flex Term - 744
Post Doc - 119
Non Career - 442
Total LLNS - 6434
Career = 6596 (FY06)
Career = 6319 (FY07)
Career = 5251 (FY08)
Career = 5099 (FY09)
Non-Career = 787 (FY06)
Non-Career = 712 (FY07)
Non-Career = 508 (FY08)
Non-Career = 442 (FY09)
Post Doc = 137 (FY06)
Post Doc = 139 (FY07)
Post Doc = 131 (FY08)
Post Doc = 119 (FY09)
Term/Flex Term = 1127 (FY06)
Term/Flex Term = 1030 (FY07)
Term/Flex Term = 841 (FY08)
Term/Flex Term = 774 (FY09)
Grand Total = 8646 (FY06)
Grand Total = 8200 (FY07)
Grand Total = 6731 (FY08)
Grand Total = 6434 (FY09)
FY09 - as of 10/1/08
Heckavajob, NNSA! You've managed to slowly kill off your national labs. The best and the brightest are fleeing in mass. The prestigious names are still up on the wall but anyone who works at these labs knows they are dead or dieing institutions.
Heckavajob, NNSA! You've managed to slowly kill off your national labs. The best and the brightest are fleeing in mass. The prestigious names are still up on the wall but anyone who works at these labs knows they are dead or dieing institutions.