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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Ask George. I heard NIF is using some Enron accountants.
August 31, 2011 8:19 PM
I can see that Livermore is continuing to use Bret Knapp's tactic to toss engineers from one side of the lab to other. Engineers are just "support" at both Livermore and Los Alamos. Los Alamos engineers were treated with respect before Knapp came to Los Alamos. And don't give me this "oh what a baby response" until you have experienced a good old fashioned "butt kicking" from Knapp himself like I (and many others) have.
It is now working on its second and arguably, last chance, given the retaliation in 2000 that got rid of Tarter, Campbell, Kilkenny and Paisner is favor of the current crop of fusion heros.
It is reasonable and expected for the institution to surge manpower 5-10% temporarily to remove roadblocks that imperil its most important and visible objectives. It is laudable that it is designed to accomplish this. The matrix works...(but is not without negative effects on the raided, but less urgent programs)
He raided labwide for AVLIS's Demo85 milestone, and again for NIF's first light, and will continue to use this tool to bring the difficult and urgent issues to closure.
Road the ponies hard and put 'em away wet.... this time without the charade of merit raises.
For those who do not know how to stay off Ed's radar, occasional tumult is expected. You grin and bear it, learn something from the experience, and on bad days, you hold onto the fact that you are employed and the hope of a comfortable retirement.
Retired and off the radar