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
DC is a swamp of crooked special interests.
October 25, 2016 at 4:38 PM
For Arkansas swamp rats? I think not.
When the EM people on the Leidos team take over, the NTS will become nothing but a EM environmental clean up site.
October 26, 2016 at 7:07 PM
Sounds good, less problems, less accidents, less security issues, how is this a bad thing?
Bad for the NWP, the Site and Las Vegas.
October 31, 2016 at 4:27 PM
So what, it is good for NNSA and the company that runs it. There are winners and losers in this life so choose wisely.
Bad for the NWP!, LOL like that consideration matters.
October 31, 2016 at 6:19 PM
Excuse me but Nevada does not need NTS, New Mexico needs LANL so LANL is not going anywhere. In any case if LANL was ever absorbed into LLNL and Sandia than they would have to hire all the LANL people which sort of defeats your whole "I hate LANL people" motto. So in the end in your lose either way just as you always have. Sorry that you got majorly pwnd yet again but as they say in Nevada, thanks for playing!
LANL may not run WIPP, but LANL's improper actions definitely caused WIPP to be closed.
November 2, 2016 at 5:58 AM
The blames lies in the privatization of the LANL, not on LANL, so get your facts straight before you post again. We have been over the details about what happened at WIPP many many times of the blog so I thought you would understand all of this by now. ....Sigh
November 2, 2016 at 6:06 PM
Can you please provide a source where Vic Reis said "WIPP was caused by the cowboy culture of arrogance at LANL", I am just guessing he never said that however about three years ago when Vic Reis was at LANL he said before a packed audience that the privatization of the labs was a failure.
The issues at WIPP where due to Bechtel and are the main driver of way Bechtel is being thrown out. As you will recall the main issues with WIPP is that the management was asked to consult lab scientists before certain actions where taken but the lab scientists where not consulted, this would not have happened before 2005. In any case Vic Reis never said there was a problem at LANL so why do you bring this up. The demise of Nanos and statistical data has also clearly shown that the idea of any kind of culture of arrogance or cowboy culture is completely false. The fact that the contract is being changed and that it is likely going to go back to non-profit shows that the whole idea of privatizing the labs has been a failure.
Now this just leaves you, all the facts have been laid out to you for the last 10 years yet you refuse to acknowledge them or provide any kind of "proof" or evidence to the contrary. So what does this say about you? Over the years you have refused to give us your story as to why you become the crazed delusional POS that you are. What happened, how did LANL "screw" you over so bad that you are willing to sacrifice you sanity to try and destroy it? Just so you know reality has won and you have lost, you cannot destroy LANL since LANL is just people, most of the people you hated have gone off to other great jobs or to very nice retirements. All the other people at the lab right now can guess what...get great jobs elsewhere just like all the other people that used to work at LANL before them. I know you cannot accept this but you know it is true. The reason you failed at life has nothing to do with LANL, the people at LANL, the people who got college educations, people that worked hard, people that integrity, New Mexico, the United States or humanity. It is all on you and has always been on you, reality does not care about you one way or another but one thing is for sure realty has never and will never bend to your will.
Your implied praise of "the people who got college educations" is belied by your misuse of "where" when you mean "were". Better English would bring you better credibility.
No, it lies with the cowboy culture of arrogance at LANL, just like Vic Reis said.
Huh? What lies...? Jeez, man, your needle is stuck.
It is stuck alight, stuck on stupid.