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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From the Sandia article itself:
" Tim Shepodd (8223) liked the moniker and agreed to call it the “chili cookoff.” But there was no chili involved, and the only “cooking” had to do with the kind of chemicals not usually found on Sandia grounds. "
That's another stupid Sandia project too. I heard that the Sandia Livermore staff were laughing and ridiculing it when the project manager tried (unsuccessfully) to get it nominated for an award.
Sandia California mandated bicycle helmets and I can't believe that drunk driving is allowed where an unprotected head is not.
Why did Sandia need to pay anything, other than the fact that lawyers would drag things out in court for years?
The driver of the vehicle still works at Sandia? Why wasn't he fired?
This does cost the taxpayer when it shouldn't but unless there are details not published that give a different twist on this story I can't see where Sandia is the guilty part. They just have the deep pockets.
WTF?! Are you serious. LLNL has a redundant mission and is way less component than LANL. Don’t take my opinion, go ask the Navy, they refuse to work with LLNL, and if the Air Force ever put their heads on right they would follow suit. LLNL is artificially sustained by your Senator Frankenstein. LLNL should be closed down and handed over to Hollywood as a sound stage.