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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Maybe we should make a new agency to provide some real oversight and accountability.
The ANSAC, agency of nuclear security and compliance? It could be time to accept the reality that the United States no longer has the capabilities, infrastructure, or human resources that are needed to be ensure the arsenal. One possibility is for complete privatization, we just hand it over to a private company and let the free market enforce the rules. I bet there would be no more WIPs, stolen mustangs, NIFS, lost disks, and if anything like that happened some heads would role. We would save the taxpayers a load of money as well. Tell me where I am wrong?
Waste issues at AWE...
MoD orders review into spiraling costs at enrichment plant...
How can one be wrong about WIPP? The disks where missing, the media keeps saying that a Mustang was stolen. In the end it is all perception and private corporations can control perception much better than government run organizations. You need to get this through your heads, it is all perception.
June 16, 2015 at 8:35 PM
So if anyone "perceives" something, that person's perception is always the truth? Or maybe "truth" is a meaningless concept to you? What planet did you say you are from? Because I want to make sure I never land there by mistake.
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June 23, 2015 at 4:25 PM
The reports can't be forgotten when they are never read. The long list of reports on the Labs have made for great fire starter in the winter.
June 25, 2015 at 9:02 AM
The reports cannot be read, too much money at stake.
These reports mean nothing to the real power brokers in the United States. If they did, the serious problems they document would have been fixed decades ago.
Adam Rowen (no longer manager of the Materials Chemistry department) from Sandia National Laboratories does not have a Ph.D.