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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When you face other bigger problems, what better way to deal with it than to create an enemy, demonize him in front of your employees, and get those war drums beating and all the employees in a frenzy of bloodthirsty revenge.
http://www.contractormisconduct.org/index.cfm/1,73,222,html?CaseID=1259
Livermore is screwed.
They could force an EXTERNAL INDEPENDENT REVIEW of their LASER EOS and MATERIAL STRENGTH PROGRAMS
ouch
They could force an EXTERNAL INDEPENDENT REVIEW of their LASER EOS and MATERIAL STRENGTH PROGRAMS
Ha that is a death blow. They don't have 15 years worth of EoS work demonstrating a progression or leadership in capability development for analyzing these types of experiments. It makes NNSA look bad too because they signed off on all their work for years. With this kind of shite about to hit the fan, those ignition people are actually looking good, occupying high ground and making legitimate progress. Laser EoS and figuring out how to "hide the dead bodies" doesn't give us any confidence that it will end well for that effort.
Speaking of fair and balanced, the IRS did the right thing in putting those nutty orgs under scrutiny. The IRS was right to question the legitimacy of their non profit status. They deserved a medal, not an investigation.
May 20, 2013 at 3:07 AM
Except for the slight inconvenience that it was totally illegal to do so. If they can do it to anyone, they can do it to you. Think about it.
So you don't like the law. Too bad.
By the way, Smeagol's other name is Gollum.
May 22, 2013 at 11:27 AM
Again, illegal under current law.
May 22, 2013 at 2:59 PM
Cite which law you are referring to, please.
The question I have is regarding the statement made by May 22, 2013 at 1:50 PM:
The IRS needs to target all non-profits for greater scrutiny, not just conservative groups.
May 22, 2013 at 11:27 AM
Again, illegal under current law.
I'm curious what law is prohibiting all non-profits being targeted for greater scrutiny.
Same thing with the argument about private funding for basic research in the United States. You were asked to name one source and you named many. Somebody doesn't know how to apply logic.. or just has bad eyesight and is misreading everything... i dunno. It's speaks to the sad state of American education I guess.
The IRS needs to target all non-profits for greater scrutiny, not just conservative groups.
May 24, 2013 at 2:58 PM
You are seriously misinformed. It uses government money to PAY FOR health care for the uninsured. All of the "exchanges" MUST offer certain coverage through private insurers. Who do you think pays the insurers to do this, especially since they have no reason to want to? This is just a thin disguise for government run health care, the ULTIMATE "subsidy."
Haven't you people got some huntin' an' fishin' to do to get ready for your imminent layoffs?