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
I think it is interesting that this fellow was fired from Los Alamos way back in 1988. He's been out of the loop for many years. It was a very different world at the weapon labs back then. In particular, security was much more lax back in the 1980s.
Feeling testy because you didn't get your usually 20% bonus this year, Bret Knapp? How's that?
September 20, 2010 10:19 PM
Typical response by trolls on this blog. There is no need to "blame" anyone. Except possibly the accused, if the offense is indeed charged and proven. Until then, why not exercise some restraint in your rabid need to blame someone? You sound very angry and very focused on some perceived slight. Mmybe you aren't as important as you think you are?
September 20, 2010 10:19 PM
Typical response by trolls on this blog. There is no need to "blame" anyone. Except possibly the accused, if the offense is indeed charged and proven. Until then, why not exercise some restraint in your rabid need to blame someone? You sound very angry and very focused on some perceived slight. Mmybe you aren't as important as you think you are?
September 24, 2010 9:38 PM
Clearly this guy has not felt the wrath of Knapp. Someday day brother, some day. Only explanation is this is Knapp himself or his buddy Craig Leasure.
September 26, 2010 11:28 AM
Or perhaps just a more calm, rational, uninflamed person? If you hate your upper management so much, why not work somewhere else? Oh, can't find another job? Unemployable outside the LANL cradle? Too bad for you. Bad career choices. Didn't you know everyone has to deal with asshole bosses sometimes? Didn't learn how? Man, the LANL employee whining on this LLNL blog is getting tiresome. Guess that's why Doug quit the LANL blog and no one wanted to take it over. Sad.