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
Yeah, that will show those people running LANS not to mess with the DOE!
-WIPP closed due to LANL screwups
-LANL Deputy Director debarred from federal contracting due to ethical reasons
-TA 55 in work stoppage for over a year
-NMED fines for multiple sustained violations
-loss of 90% of NNSA fee
- Charlie "GQ" McMillan
-LANL Deputy Director debarred from federal contracting due to ethical reasons
-TA 55 in work stoppage for over a year
-NMED fines for multiple sustained violations
-loss of 90% of NNSA fee
March 28, 2015 at 3:10 PM
- Inability to restart the Weapons Engineering Tritium Facility (WETF) which has been inoperable for 10-years
- Charlie "GQ" McMillan
April 1, 2015 at 3:44 AM
- Inoperable RANT, WCRRF, and Area G Nuclear facilities following the WIPP incident
- Sending Safey-Class drums to WIPP that have explosive contents.
April 1, 2015 at 3:48 AM
Oh BS! Mildly exothermically reactive, creating excess pressure, OK, "explosive"?? Nope. Did you actually read the TAP report?
Duh. What is your point?