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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Also looks like the fee structure per slide 15 will take a huge hit. Currently at LLNL the LLC can get up to 3% of the annual budget, which is about $46 million. New fee would be 1%or about $15 million for the LLC.
1% !!!? what the hell no one in their right mind is going to run these labs for 1% no one, there is just no upside especially for Los Almaos. It is nothing but bad press, spies, bad culture, problems, scandals, eggheads, Mustangs, fires, theft, arrogance, meth, disks, Phds, and headaches. Look what happened to LANS. If they could not fix LANL at 3% than how do expect the labs to be brutally beaten into submission at 1%? It is just not possible, the next contractor needs 10% fixed at least and 20% possible max with a free hand to dish out punishment and humiliation to the arrogant scientific and engineering workforce. We have let the lunatics run the asylum. We should have Montano and Walp be the next leaders of the LANL, they would clean up the mess, drain the swamp, keep the cowboys off the horses and so on. This is madness just madness I tell you.
May 10, 2016 at 8:34 PM
An apt description of your endless, recurrent, asinine, completely fact-free rants. Please seek help.
May 10, 2016 at 10:03 PM
The one's in the old Main Administration building were indeed missing, until they were mysterious found behind a copier. Ok, the ones at TA-22 during Nano's era were not missing. Get it right.
May 11, 2016 at 4:00 AM
WRONG
It was actually TA-15, Building 40, which has since been torn down to the ground.
Going to the "for profit" model didn't help ANYONE except all the Bechtel people who are becoming part of the TCP1 pension plan and those that came here from LLNL in high paying management positions. Salaries are so top heavy, not to mention the many perks. Nanos got an $800/month car allowance because he was driving from Santa Fe. Nanos created so many problems for MANY innocent people. Shame on him and those in Security who helped him. One person quit their job because of the ethics during the investigation.
Every level of employee is valuable. Most of us are here because we enjoy our work. The bureaucracy has got to go. Maybe we'll be able to fully function again. I guarantee there will many who will retire in 2017 and now 2018.