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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LANS has cut costs everywhere it could to divert money from the to have the money to pay the award fee (back when LANS earned it) and the NM Gross Receipts Tax. Congress visited the LANS plague upon LANL without an increase in budget to pay for the new costs. The result: massive voluntary retirement initiatives and small scale involuntary reductions in force dumped experienced, knowledgeable employees who made the place work.
Now we have LANS parent companies which are experts at managing nuclear facilities and the result is TA-55 hasn't run fully for nearly a third of LANS tenure. Experts indeed.
I've seen worse assessment reports about facilities that were allowed to resume operations. Looks like the Pu facility may get back on line after all.
February 2, 2016 at 8:51 AM
Is that you, God?
February 2, 2016 at 8:51 AM
Everything that happens at the LANL nuclear weapons lab directly affects the LLNL laser lab. You should know that by now.
No more LANL posts unless it directly effects LLNL.
February 2, 2016 at 8:51 AM
There is no LLNL, only LANL. Who had to be laid off, LLNL worker, and why had they be laid off, because of LANL. What happens at LANL will happen at LLNL but seven fold more. So it shall be written so it shall be done.