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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If by FTE you mean Indefinite Appointment, then I would guess that most are coming in as Flex Term appointments. But that's still LLNS employment rather than contractor (supplemental labor).
So my question of Nov. 7 at 9:07 should have asked are any of these position for non Flex Term, Non Contract?
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"Google to give 10 pct raises to entire work force" (AP News, Nov 10)
NEW YORK – Google is reminding its 23,300 employees how much they are appreciated by giving them all 10 percent raises next year.
The Internet search leader also is shifting a portion of the annual bonuses into workers' regular paychecks. Google Inc. CEO Eric Schmidt celebrated the good news in an internal memo Tuesday to employees.
The planned raises, earlier reported by the technology blog Silicon Alley Insider, were confirmed Wednesday by The Associated Press.
Schmidt says Google wants to reward its employees for their hard work, but it also could be meant to prevent rivals such as Facebook from luring its workers away.
news.yahoo.com/s/ap/20101110/
ap_on_hi_te/us_google_raises
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Meanwhile, back at the NNSA labs.... the idea of giving the technical staff part of the 20% bonus of the LLC executive management team as they are doing at Google? You've got to be kidding. Miller, Mikey and Bechtel will be keeping all of their new found lucre, thank you very much!
Why isnt LLNS the same way? They have no incentives to do that and they dont have competition!
Our congress people must feel proud!
(1) Hiring a few highly paid scientists at the upper "Research" position levels to manage science projects
(2) Getting rid of most of the current scientists at the mid-level research categories to off-load the benefit and salary costs that make up the major portion of the lab's scientific cost structure
(3) Re-cycle lots of cheap post-docs into/out-of the labs and have them work under the few highly paid research program managers listed in step (1)
The latest employment stats seem to support this trend. It is no accident that it is trending in this fashion.