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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*Assuming DOE/NNSA fail to materially follow through on their new science and engineering focused contractor model and discard the failed "for profit" model.
POS
January 16, 2015 at 9:45 AM
Calm down. Every situation is different, and the NNSA labs move at a snails pace. e.g. It's taken about 20 years for LLNL to go from productive weapons lab, to gender coddling house of fluff.
We've have another 20 years to go to complete annihilation.
January 16, 2015 at 2:51 PM
Yeah, that makes sense. Not.
What two beautiful things will you get when LLNL annihilates with reality?