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...
Public officials from Northern New Mexico communities are renewing a push to try to ensure that Los Alamos National Laboratory and its contractors continue to pay gross receipts taxes on their purchases.
Under state law, the communities and the state would lose tens of millions of dollars a year in gross receipts taxes if a nonprofit group takes over management of the lab next year when the Department of Energy puts a new contractor in place. The lab is now managed by a for-profit consortium, which is required to pay gross receipts taxes.
http://www.santafenewmexican.com/news/local_news/officials-want-lanl-to-keep-paying-taxes/article_e1ce04c9-8391-50b3-a782-53e6208fe277.html