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
December 31, 2012 6:42 PM
That's not corruption, that's the free enterprise system baby!
LANS/LLNS - LLC
January 2, 2013 10:58 AM"
In case you haven't been paying attention to anything other than your pathetic EOS data, this IS our rant blog. We usurped it years ago, in exchange for LASL designs and other good stuff!
Together, let us uses this BLOG more constructively!" degenerates to the same old stuff within 15 posts.
To return to the main point: Thanks, Scooby. I'll do what I can to make your hope come to pass.
You wll surprised how many comments I delete every day.
January 4, 2013 4:49 PM
"Will"?? Does that mean you will tell us how many? I doubt it.
You wll surprised how many comments I delete every day.
January 4, 2013 4:49 PM
You dah man Scooby! Keep on deleting "that crap".