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
Obviously being able to know the difference between "inorganic" and "an organic" isn't part of LANL's culture.
Facts hurt, eh?
Do you think that managers can distinguish "between inorganic and organic." It is all about profit baby, PBIs, get it done, do not think about it, make it pithy, feel it in the gut, on the spot, just like Microsoft. It needs to be stated in an 30 seconds or less in elevator, just like any other fast passed six-sigmaa organization. We need to move product and to move it fast! You either lead , follow, or get the hell out of they way. Suppperrrr leeeene sixxx-sigmnmaaa blaaaaack beeelt!!!! FY. You get it or you need to leave the organization, pronto! I do not want to hear complaints from any dam eggheads as they make me sick.
February 16, 2015 at 9:26 PM
You already are. Very.
Obviously being able to know the difference between "inorganic" and "an organic" isn't part of LANL's culture.
February 16, 2015 at 2:24 PM
This gets to the root cause of what is currently thought to have happened. The simple error of having a note taker that was ignorant of high school chemistry may be the start of the failure; however, the culture of having multiple layers of management that did not catch the error is the root cause.
Obviously being able to know the difference between "inorganic" and "an organic" isn't part of LANL's culture.
February 16, 2015 at 2:24 PM
Great attempt at diversion from the real problem. DOE could fix the real problem (the WIPP closure) tomorrow if it had the guts. The initial problem (incorrect waste handling) has already been fixed, for months.
February 17, 2015 at 8:48 PM
Probably not, since the NMED report showed that the LANL waste had been mishandled for years. In any event, for the past year, not much has moved, so it is highly doubtful that the problem has been fixed. If anything, it was made worse by LANL shipping some waste to Texas for temporary storage until WIPP reopens. Now that looks to be five years in the future, which greatly extends the temporary term.
So you are saying that each and every waste drum that was illegally packed in organic filler by LANL has been found and repacked safely?
And are you saying that the radiation contamination that was spread throughout much of WIPP when the LANL drum blew its top is not an issue?