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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I am sure that some of this is also because the construction is all but finished and NIF no longer requires the talents of these people. NIF simply cannot support or afford anyone that is not essential (as determined by management) to the operation of the laser or the associated research. The cold hard fact is that LLNL and NIF is a business oriented operation and if you are not needed you will be sent back to your matrix organization or shown the door. The people that were laid off were walked out.
They (ULM) try to keep this below the radar, but sometimes it become obvious. We just have to get use to this; it has happened, it is happening, and it will continue to happen until this place closes down.
I have seen them get rid of a lot of very good people and keep buttsniffs who have to be supervised on a daily basis.