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I'm hearing bonus checks in lieu of pay raises to compensate for salary decreases that'll occur during ranking and job comparison to your counterpart outside LLNL. Some will be saved and others will take pay cuts. All this came out on the LLNL blog during the transition and no one believed it. Compound this reduction in pay with increased taxes and Obamacare and you'll be feeling the pain.
12 comments:
Here we go with the political garbage again. Obama care has absolutely nothing to do with the Lab.
I suppose ever increasing health care costs are the way to go, right? Did your health care costs go up, or down, under Bush? If you guess correctly you won't have to pay anymore attention to this thread.
I have a question, in case there are salary decreases. When you retire is your pension based on the average salary of your HIGHEST three year's, or is it just the average of your LAST three years? I would hate to have a decrease in salary, but it would be more comforting if I knew it wouldn't affect my pension.
Pensions use the highest three year average. If your salary goes down it won't effect your future pension payout. This formula, however, is why some people will do just about anything to get into the higher paying management ranks during their last few years at the lab. The pension payoff for clawing your way to the top for only a year or two lasts a lifetime.
It will be based on your new salary what ever it is at that time you retire. So if you stay and your pay goes down over the next three years, you'll be getting less. Enjoy.
September 17, 2009 9:09 PM
This makes no sense in a for profit world. The idea is to save money and give the employee less in the end.
Two completely different answers. One states it's the highest three year average, the other states it's your current salary. This goes to show you you can't believe everything you read because one of these posts is incorrect. Better to call someone at human resources to get the real scoop.
The missing piece in the evaluation of the upcoming 200 series classification system is what are the salary ranges and how many people are allowed in each classification (Ie what %).
I am sure many will see a CAP for the first time. It I am capped, I will leave.
One post is incorrect, but which one? Is pension based on highest three year average or new salary? Maybe a retiree can shed some light, if they post on this blog.
under llns aka rechtel it is the last three years; also if you are reclassified with less pay your pension is adjusted for it; llns is currently working on taking away shift differential as part of the calculation of your monthly pension. the only people that will receive the highest three years and shift differential will be TCP2, because they locked in under UC.
"If I am capped, I will leave."
Before you leave, make sure you have a solid job lined up. Once you realize what the job market is like, even no raise and no bonus may seem a blessing. Its a steep road down to unemployment, and not easy to climb out of.
taxes going up? you might want to look at your paycheck instead of listening to glenn beck. Taxes have gone down.
September 30, 2009 10:49 PM
Don't worry buddy your inflation is coming which by all means should delay economic recovery for at least a decade. I don't know about your paycheck but my taxes sure haven't gone down any. I did see car registration double though.
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