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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Well, none if you work in the management ranks and live off the overhead accounts.
If you work on a project and bring in funding, then I suppose it may costs you your job, but then, I suppose that's the whole point, right?
Fact #1 - NNSA has a single mission that NNSA cares about - nuclear weapons.
Fact #2 - Weapons accounts and work at LLNL is drying up.
Fact #3 - Hazardous work directly associated with NNSA programs is leaving LLNL. Superblock will soon have no SNM and its security downgraded. NNSA wants to end its funding of Site 300.
Fact #4 - LLNS has not done one concrete thing to improve LLNL. Lots of changes by LLNS managers but little improvement given the cost incurred by LLNL employees and non-NNSA customers.
Fact #5 - LLNL is becoming a research and science think tank, with few real "wet" lab or small scale projects.
LLNL is not a baby version of LANL, which will always be viewed as the one and only nuclear weapons design lab in the mind of the taxpayers. It's the birth place and home of the "bomb" in their view. LANL is quickly turning into the focal point for the future of this country's very small nuclear weapons arsenal - this includes hands on research, design activities, and pit production. LLNL will soon only be involved in one of these - design activities - and even this will be as peer review on LANL's work.
Bottom line: NNSA is leading LLNL to its death.
Sounds like more people have to go. 1000 soon and 1000 mid summer is what I'm hearing.