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
PBIs, Baby! It's all that matters and all that NNSA really cares about. BTW, have you noticed that not a single PBI involves science and research? Message heard, NNSA, loud and clear.
Energy policy?
Nuclear power resolved?
Weapons complex stabilized?.
Renewable energy lab?
DOE mediocrity eliminated?.
Spent fuel storage resolved?
Gas prices are sky high?
The best small automotive diesels thrive in...Asia, Europe, South America?
Large scale ethanol for auto use?
The LLCs still exist.
Is he trying? White roads? Really? Is he the Mandarin's scientific curio?
Even O'bama tried something.
Chu earned his Nobel as a scientist. Bravo. It may or may not be relevant when it comes to leading/coercing/enduring the bureaucracy.
Many of the topics listed are broad policy issues with many non-technical influences. I think Chu is more sincerely interested in, and knowledgeable of, energy policy than any other Secretary until one goes back to Schlesinger. The nation has floundered around on nuclear power, spent fuel, etc. for decades. Chu was suppose to resolve that in two years? Large scale ethanol is as much about agricultural subsidies and trade policy toward Brazil.
He's trying, but D.C. is probably giving him a big headache.
People follow leaders, politicians form consensus.
If he said. "We failed. DOE is useless, it needs to go." and began shutting it down, it would at least begin somethingpositive, and by the way, not hurt the country one bit.
Yes!? needs want to do. It is time to sit on a pot or find bathroom. To post to drunk by 10pm.
January 31, 2011 6:41 AM
Wow, what?? Nothing in your post applies to the post you reference. Maybe you are the one with the head in the toilet? Still drunk at 7:00 am?
January 29, 2011 9:34 PM
Nothing compared to the headache he's giving us!!