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
I agree the number is way to low, I would have also guessed it was in the thousands knowing DHS.
http://www.foxnews.com/politics/2016/01/27/hundreds-dhs-badges-guns-cell-phones-lost-or-stolen-since-2012.html
http://hotair.com/archives/2016/01/28/rest-easy-hundreds-of-dhs-badges-guns-phones-go-missing/
January 31, 2016 at 8:50 AM
In case you have not been paying attention to the media, there are no other national labs there only LANL. When something goes wrong at LANL there is no other lab to compare it to. Perception is reality.
January 31, 2016 at 11:44 AM
Yep, and poverty is wealth, ignorance is genius, paralysis is motion, fear is bravery,cold is heat, and on and on... At least, that's what I perceive.
January 31, 2016 at 11:44 AM
Just don't expect your perception to be somebody else's reality.
January 31, 2016 at 12:17 PM
Tell that to the people that got laid off at LLNL. Remember it was the out control cowboy scientists at LANL that caused the problems. Perception is reality, Kim Kardishain is relevant and you are not. Scientists at LANL are arrogant but at least they exist you do not. End of discussion.
January 31, 2016 at 5:12 PM
Only if you perceive it to be ending. I don't. Sorry to wake you up from your nap.
January 31, 2016 at 7:12 "
Excuse me but are you married to Kanye? No so your perceptions are irrelevant time for you to go back sleep.
January 31, 2016 at 8:24 PM
Let me get this straight. "Perception is reality." But "your perceptions are irrelevant." So only YOUR perceptions determine what is reality? OK, I get it now. You are insane. Thanks for posting.
January 31, 2016 at 8:45 PM"
No, you fool, the media's perception and hence the public perception might as well be as good as reality. The media for the most part only reports on LANL so the perception of the public is that there is only one lab which is LANL. Just look at the blog every week someone comes in and talks about stolen Mustangs, cowboys, arrogance and so on, it gets pointed out that these things never happened yet next week they or someone else are back with the same stuff so "reality" does not matter only perception. There was even the Shawn Carpenter cyber security case at Sandia and Congress members kept referring to this as a case at Los Alamos. Now look at any major news site and it will have some story about Kim Kardashian, Tom Brady, or whoever, is it the "reality" that these people are relevant or only the perception? In the end perception wins and if you do not believe me look at the current state of the labs and their complete and utter decline. Perception caused that not reality yet the result was the same.
February 1, 2016 at 12:47 PM"
We take them for granted now. Of course they will work, just watch the movie The Core, they worked!
Do you really think anyone actually asks that question anymore?
February 2, 2016 at 5:38 PM
So wake me up when it's all over
When I'm wiser and I'm older
All this time I was finding myself
And I didn't know I was lost
Didn't know I was lost
I didn't know I was lost
I didn't know I was lost
I didn't know (didn't know, didn't know)
And now all our lives are over
We have no idea what happened.