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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You've got to put up with a lot of rules and regulations that in my view do not add value to projects. We no longer have job security. If you come to the lab now you'll be TCP2, which is no better than what you'll get on the outside. Medical in retirement has turned into a pile of ashes.
Come for a job, but not a career.
I'd rather do "science in the national interest" than work in industry, but I wish there weren't so many obstacles to getting real work done!
Working for LLNL, all you are doing is filling the deep pockets of people like Riley Bechtel and the well paid lab executives running LLNS.
With dollars shrinking and nuclear weapons in disfavor, whatever work remains will be at LANL.
If you can get a job there now, don't miss the opportunity.
Perhaps we are just talking with ourselves, taking turns sending in questions.
Pros
Some really cool niche science
mature scientific workforce (they know much more than you would think)
ability to pull diverse scientist together to solve problems
Very professional scientific staff
Lots of flexibility in with your time
Internal support (mostly tied to kisssing butt, like every else)
Cons
High overheads
unmotivated support staff
Insane rules and regulations
little access to journals
limited access to facilities and computers depending on nationality
low moral workforce
Poor management not based in scientific realities
job market is tough right now, esp academia. so i'm considering it at least as a job for a while until things clear up. would be nice if I found something that I liked for a longer term
http://isotropic.org/papers/chicken.pdf