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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Ever wonder why information like this is so secretive. Not a single person involved will come forward and give the exact dollar amount spent on this job. I wonder if they'll come forward after the 29th of May. A good figure to know would be the "TOTAL" cost of the "Open house" and the "NIF dedication".
It's LLNS corporate proprietary information, just like all the executive salaries. You don't have a "need to know".
But the American tax payer does, so spit out the waste of our tax dollars so far on this one day event. I'm sure $17 million doesn't cover it all.
Also someone in the hall said 1 million for the wood chips alone.
You're correct, we've been getting it since the take over by LLNS. Check you wallet if you have any doubt and this year should be worse as they get four months free labor and no 20% after tax raises going to thr workers. That's about what it would take to make up what they have taken.