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
Not that being a liberal is a bad thing, but on this shallow evidence you claim some knowledge of Scooby's political leanings?
As to the general point, there appear to be no lack of non-libertarian conservatives who are hoping to make some sort of 'right' behavior compulsory.
Liberals are "mommies".
Conservatives are "loners".
Mommies know best and tell everyone what to do.
Loners listen to no one.
Should be on different planets. Mars, Venus?
Unless you create a time machine, we are not going back to the 1850s slavery or "separate but equal" Jim Crow 1950s.
This country is a better country than it was in its past, and will be a better country in the furute than it is now.
November 22, 2011 9:54 PM
By that I assume you mean requiring people to obey the law. What insensitivity!
November 23, 2011 11:56 AM
If only. Then the moderates among us could actually get something done.
I agree it was insighful but I got tired of CUT & PASTing comments where they belong. I have a life and the BLOG keeping is a free service.
I value your input but also value my time. Your comment is so insightful that I am sure you will be able to make it again under the post now that it is published.
Well at least you made an ass out of yourself.
November 24, 2011 11:23 PM
Why doesn't your mommy change your diaper and let you down from your baby chair so you can comment on the subject yourself? Wah, wah, wah....
Washington Post article
will show why the 'automatic' cuts will likely be legislated away.
The supercommittee member do not concern themselves with the welfare of the elements of the triad or any other part of the national fabric. They are concerned with their own egotistical view, at the expense of necessary compromise for the general welfare.
Failures all.
J. Barth
J. Barth
November 27, 2011 6:34 PM
Oops, the Professor is back. Anyway, if you think we ought to pay our legislators more money, you are a fool.
"Actually", 'conservative' George Wallace certainly had the civil liberties of African-Americans at heart when he stood in the doorway at the University of Alabama.
November 28, 2011 10:16 PM
"Actually", that was 48 1/2 years ago. I think you are pushing your point a little too far.
November 30, 2011 11:19 AM
The statistic is not based on current LANL employees. It is based on thousands of LANL/UC retirees with 35+ years of service and six-figure incomes due to UC pensions and good investment income. If real estate ownership were included, the figures would be much higher for these owners of 400k homes whose mortgages are paid off.
November 30, 2011 11:19 AM
You should have sold last year. This news of lab cuts is going to quickly put a damper on the Hill housing market.
December 1, 2011 3:28 AM
Of course it is. No one living in Los Alamos has as much money to spend as the Bechtel Boys.
The cuts start in Jan 2013 but actions to mitigate their effect through staffing reductions will probably begin by late next summer or the fall. Plan on about a 10% RIF to handle the first round of cuts with additional RIFs in the succeeding years. It will be very ugly.