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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http://www.theverge.com/2016/5/3/11576032/mclaren-f1-compaq-laptop-maintenance
You would think that for >$10M per car, they would have modernized the interface a decade ago.
But then again, many racecars today still run big-as... carburetors and single-plane "X" style intake manifolds.
A year before I retired, the Lab (LLNL) computer guys/gals managed to kill (and I mean really burn the hard drives to the ground) my two Windows XP workstations - with their automatic "security patches". They denied it, of course, but Microsoft did acknowledge to me that these patches would kill some XP configurations. Thank's Lab, made my life miserable for several months, particularly as I had critical NIF work to get done before I retired.
Now that's how you get rid of obsolete hardware ! It doesn't take an overpaid executive to do it - just your underpaid IT people !