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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Anastasio Appointed To LANS And LLNS Boards of Governors
Los Alamos Monitor - September 2, 2014
Norman J. Pattiz, chairman of the Los Alamos National Security, LLC (LANS) and Lawrence Livermore National Security, LLC (LLNS) Boards of Governors, today announced that Dr. Michael Anastasio has been appointed as a University of California Advisory Governor on the LANS and LLNS Boards.
Anastasio also is a member of the LLCs’ Mission Committee. His appointment takes effect immediately.
A new type of corporate nepotism has taken a firm hold at the NNSA labs. The executive management have learned the "Bechtel Way" well.
Is Mike in NM or back in CA for this new role?
September 3, 2014 at 8:31 PM"
What???? This so obvious a conflict of interest it is sad. My god man can't you see what is going on? America is turning into a third world nation of just pure bribes, corruption, kickbacks, and payouts. What the hell hap paned to us?
This one is too blatant. What were the LLCs thinking?
Dunno bout that, he's rakin it in, and no-one can stop it. May be his best ever moment yet!
For some, long term reputation is more important than short term riches. In the long term, reputation is what keeps the money coming in and Mike had a good reputation when he left as LANL director. The release this week smells bad no matter how much perfume is sprayed on it.
This lack of ethical behavior is embarrassing.
Another reason DOE / NNSA should end the LLCs.
This lack of ethical behavior is embarrassing.
..Umm, this is why they will never get rid of the LLC's. DOE people can come here and be managers or whatever and make huge, corporate level salaries on the Government dime. Much more than they make at DOE. No, I suspect the gov folks look at the PRESENT lab setup and see an opportunity to get rich without having to do real private sector work. That is probably very appealing and the LLC will never go away for that reason. IMHO
September 3, 2014 at 3:27 PM
Yeah, shopping in Albertson's in his pajamas on a Wednesday afternoon.
Yeah, shopping in Albertson's in his pajamas on a Wednesday afternoon.
September 5, 2014 at 10:03 AM
Just like Hugh Hefner baby, some of us win at the game and other lose, and Mike plays to win. It is all the money game, makes the world go round.
September 5, 2014 at 10:03 AM
A few years ago I saw he and his wife? at Trader Joe' s with two shopping carts (boatload) full of wine. He wasn't wearing his pajamas though, just looking scroungy as usual. He obviously hasn't taken the "GQ" or "Vidal" class yet.
So many angles to work when you are at the top.
Too bad Congress is so damn busy discrediting the black guy to see what is going on here and fix it.