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
January 5, 2013 11:54 AM
Agreed. You know, Anastasio, McMillan, and Knapp, the "Three Kings".
Where LANL's managers come from is irrelevant - they are Bechtel lackies doing their master's bidding.
Hearing the "guests" constantly blaming LLNL for their woes is more than tiresome. Likewise LLNL folks blaming LANL for their situation. All one is doing is whining and taking cheap pot-shots at the other to no useful end.
If you wish to change your environment then man up and fight back properly. Otherwise be a good sheep and stop the blame game.
January 6, 2013 5:10 AM
Yup, and don't forget these problems at LANL have continued under LLNL leadership that came in with grandiose plans to fix the place. Come Livermore, were still waiting, fix the damn place!
January 6, 2013 6:32 AM
The only leadership that LLNL has brought to LANL is coming to LANL meetings saying, "at Livermore, at Livermore,...".
January 6, 2013 6:37 AM
If it's so great "at Livermore" they should go back. Their only benefit in coming to LANL was to personally profit and will leave as soon as their bank accounts are substantial enough. They have no vested interest in the success of LANL or the community. These guys (Anastasio, McMillan, Knapp) are worthless!
Yeah, we want those managers to live in the same retail wasteland and geezer paradise as we do! No decent restaurants allowed! Long lines at the Post Office every day so the geezers can "buy a stamp" - the highlight of their day!
January 8, 2013 1:33 PM
Be careful what you say, sonny-boy, you whippersnappers are seriously outnumbered!