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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Did get the e-mail saying that "high attendance at this talk was suggested strongly".
It's my understanding that they wanted to avoid a tantrum similar to the one that Mark Martinez had when he went to RHWM for a "meet and greet" and nobody showed up.
June 19, 2014 at 4:51 PM
It's gotten worse. He's has a confessional in his office for the Lab Directors to confess their sins (e.g. McMillans's WIPP muff) to him. McMillan has 10 rosaries and had to give Cook his fine Italian leather belt.