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
" WINNING ! " -- Charlie
What, you ask, is this CAC unit? According to the local table, it is "Charlie's Annual Compensation".
Given what we know about DOE estimates, I would put the actual time period at around a decade. That figure may even be wildly optimistic given the incredibly long times needed to finish NIF, DARHT, etc.
The cost? Billions at least. Perhaps even tens of billions if it is allowed to drag out year after year for a decade or longer.
Without a safe repository for low to mid level waste products, count on most of the nuclear weapons and other DoD & NASA reactor work at LANL being put out of commission for a very long time. Charlie's one year shut-down of the work out at TA-55 may just be the beginning of a long hiatus. The Greg Mello's of the world should be delirious right now. It's amazing that McMillan still has his job (for now) after this fiasco.
Do your own research, if you know how.
http://news.yahoo.com/feds-could-2-years-seal-nuke-dump-222636282.html;_ylt=AwrBEiQpBolTKwoAEu3QtDMD
ALBUQUERQUE, N.M. (AP) — It could take two years or more for the federal government to seal off hundreds of potentially dangerous containers at its troubled underground nuclear waste dump in southeastern New Mexico, the U.S. Department of Energy said in a filing Friday.
Responding to an order from the New Mexico Environment Department to detail its plans, the department gave broad ranges that indicate it could take a minimum of about 100 work weeks — and possibly twice that long — to secure the rooms at the now-shuttered plant where more than 350 containers of toxic waste from decades of building nuclear bombs at Los Alamos
National Laboratory is stored.
Also on Friday, the Department of Energy said Los Alamos National Laboratory won't be able to meet a deadline for getting the last of thousands of barrels of the waste containing things like contaminated gloves and tools off its northern New Mexico campus before wildfire season peaks because of the Waste Isolation Pilot Plant's closure.
June 1, 2014 at 8:15 AM
As usual LANL doesn't have the courage or fortitude to admit they won't the deadline of the 3706 (cubic-meters) Program. This bad boy (LANL) has to have it's mommy (DOE/NNSA) tell everyone that their son (LANL) pottied their diaper. What a disgrace!
June 1, 2014 at 6:34 PM
Well, that was certainly a definitive, well-reasoned, authoritative prediction. Any more pearls of wisdom, Mr. Crystal Ball?
June 1, 2014 at 7:19 PM"
The guy did say it was all just speculation. In any case the math is rather sound if you buy two points. (1) it will cost one billion.(2) LANL pays for it. That is rather straight forward and fairly well reasoned.
Would you like to offer pearl of wisdom yourself?
June 1, 2014 at 10:01 PM"
Who will pay for it?
It's another Work Free Safety Zone in action.