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...
Comments
Top 5 Officer Compensations 441891.00, 663517.00, 264233.00, 332410.00, 867356.00
Top 5 Officers George H. Miller, President and CEO, Linda M. Rachow, CFO and Treasurer, Jeffery A. Blair, Secretary, Stephen A. Johnson, Contract Assurance Officer, Steven D. Liedle, Vice President
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"The site is interesting. You can look up the highest compensation for the various labs..."
SNL 926700.00
NTS 874953.80
LLNL 867356.00
LANL 800348.00
ORNL 596241.00
SRNL 570008.00
BNL 497580.00
INL 498775.00
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These figures include *all* salary sources being received by each lab director.
Now you know why the "for-profit" lab executives want to keep their jobs so badly. Lab executive salaries have exploded upward since the "for-profit" LLCs took over the NNSA research labs! This is disgusting stuff.
It's also interesting to note that the top 4 highest salaries listed are all associated with the NNSA labs. Heckavajob, Tom D'Agostino, you jerk.
Yes, I am an inside manager who regrets the contract change and the influx of expensive managers who add nothing of value to our Lab.
Although he is doing well financially, I know that GM is agonizing over what this Lab has become. I used to work with him when times were different.
These clowns make all the money and do nothing. Since the LLNS take over LLNL been going down hill fast and I don't see where it's going to get any better
http://www.recovery.gov/Transparency/Pages/RecipientProjectSummary.
aspx?AwardIDSUR=40297&PopId=82288
"NNSA contacted POGO to say that it reimbursed the lab directors at far less than the $684,181 [DOE contract mandated] cap, and provided these figures for the amounts that the Department of Energy contributes to certain lab directors salaries (with the rest coming from the private companies that share in the management of the labs): LANL's Michael Anastasio, $397,341; Lawrence Livermore National Lab's George Miller, $348,400; and Sandia's Tom Hunter, $366,119."
http://pogoblog.typepad.com
/pogo/2009/11/lifestyles-of-the-
rich-and-nuclear.html
The problem is not the salaries these people make! its the level of middle managers and lower level managers that staff the different directorates and institutes to meet a declining mission space. Adding to this are the programs and rules they have implemented to meet DOE requirements and minimize risk. So...less WFO and more staff. That is why the these specific National labs are dying, while the others are doing fine.
Technically correct....but they would still be cheaper! If you're going to get crap at least try not to pay top dollar for it.
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Could you image having senior managers like the clowns at LSO?
I'm sorry, but as bad as things are at LLNL, we do not have to deal with the intellectual midgets that work in B311.