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
June 3, 2017 at 6:14 PM
Don't know much about government contracting, do we? If you did, you would be aware that some of the largest government contractors file numerous bid award protests with the GAO.
June 3, 2017 at 6:14 PM
Don't know much about government contracting, do we? If you did, you would be aware that some of the largest government contractors file numerous bid award protests with GAO.
Thursday, December 22, 201
Per the last two sentences of Sec J Amd 1, the new SNL manager needs to claim it is ready to assume full responsibility for NNSS before it can also take over SNL.
https://nnsa.energy.gov/aboutus/ouroperations/apm/majcontrsolicitation/snlcomp/final-solicitation-document-de-sol-0008470
https://nnsa.energy.gov/sites/default/files/nnsa/multiplefiles/SEC%20J_Appendix%20J%20-%20Transition%20Plan%20Amd%201.pdf
Why protest? Do they recind contracts because of protests?
June 9, 2017 at 11:56 PM
If you are the current contractor and the NNSA picks someone else to take over, then you get to keep on running the show until all the protests are over, and then 90 days after the last appeal is timed out. Not a bad proposition to keep paying all your high level managers their big salaries, even if they eventually will have to move out.
June 11, 2017 at 6:44 PM
That occurred to me as well, more fee and continued high pay for people who will be sent packing eventually. Win, win, why not protest even if you have no basis for protesting and you know you will lose.