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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The blog´s comment: "A bit of good news!"
My remark: I disagree 100%.
2. the weekly Standard, October 26, 2009, front cover:
"NO ENERGY
Spencer Abraham, Fred Barnes
Michael Goldfarb
on the Obama administration´s
anti-growth, anti-prosperity policies"
My remark: I agree 100%.
3. the weekly Standard, March 15, 2010, front cover:
"EXPOSED!
The global warming
campaign enters its
emperor´s-new-clothes phase
By Steven F. Hayward,"
My remark: I agree 100%.
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