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
November 30, 2015 at 6:27 PM.
This is partially true, however keeping his mouth shut has been a form of selling his soul, at the same time it has also been a way of keeping his sanity and trying to do the best he can in managing a steady decline. Since 2000 the labs have been dying and are now just a bizarre and strange place where only the corrupt, criminal, soulless, dishonest, and utterly desperate thrive. The real talent has for the most part left, perhaps it has only been 5-6% a year but after 15 years we now have the the current so-called workforce, yet, there is minute and silent number left who keep a scant form of fleeting dignity trying to serve the nation. Goldstein may lie somewhere in that dwindling twilight and if this is true amazing that he was chosen director LLNL.
The President of Sandia National Laboratories does not have a Ph.D.: Jill Hruby
Adam Rowen a former manager of the Materials Chemistry Department at Sandia Livermore does not have a Ph.D. either.
The 3 individuals at Sandia are the first ever Vice Presidents without a Ph.D. in Science or Engineering to lead technical divisions at Sandia. A quick search on the internet shows that Adam Rowen went to a school in New Mexico.
December 3, 2015 at 4:08 AM
I didn't "get one." But I did become one.