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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Audience: HOW BAD IS IT...............???
God may grant your wish with a heart attack. May I suggest you just find a new company instead.
Yep, it's Rechtal whose motto has been long before LLNL was taken over, "Seek and Destroy". This was told to all of you during the transition when there was more than 1000 questions asked and answered but many said, NO it all BS, they aren't that bad. Well, you lose as we told you back then and you'll continue to lose. Hang in their and please don't die for those MF'r. Rechtal is not worth it.
Yep, it's Rechtal whose motto has been long before LLNL was taken over, "Seek and Destroy". This was told to all of you during the transition when there was more than 1000 questions asked and answered but many said, NO it all BS, they aren't that bad. Well, you lose as we told you back then and you'll continue to lose. Hang in their and please don't die for those MF'r. Rechtal is not worth it.