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
August 1, 2011 6:12 AM
"Quite"?? Come on you can do better than that. Can't you? Would you write a letter to a major newspaper who would only publish it with your real name without checking it? Stop being so intellectually lazy. You're supposed to be a scientist, right?
..... Hey at least you noticed. Most people going through the gate are snobs who can't even return a simple good morning.
Why would our guards guit? Besides the huge money they now make due to overtime, I hear they will get a $50K bonus for staying amd have a guaranteed job until 2014, even though we won't need tnem once the SNM is gone. Besides, where would they go?
Why would our guards guit? Besides the huge money they now make due to overtime, I hear they will get a $50K bonus for staying amd have a guaranteed job until 2014, even though we won't need tnem once the SNM is gone. Besides, where would they go?
August 4, 2011 9:34 PM
Your lack of knowledge of the guard force is astounding, as is you lack of spelling skills. "guit?" "amd"? "tnem"? Stop posting drunk.