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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Really?? That's what is on his mind, his reputation. Sad, sad times for such a storied lab.
Really?? That's what is on his mind, his reputation. Sad, sad times for such a storied lab.
July 11, 2017 at 6:01 PM"
Exactly, it is the fault of the workers, only the workers and always the workers. The management has nothing to do with it and the only thing to do now is to cover themselves. Make no mistake outside world it is the workers bad behavior, managers have no say in this, no way to stop this, no way to be accountable, do not own this, where never present and no nothing of this. They are not there and have nothing to do with LANL, so when anything goes wrong the managers are not at fault or have anything to do with it. So if in the future you run into someone who was a manager at LANL do not judge their reputation on the performance of LANL, they are not to blame and had no idea what could be going on, they have no idea so they are innocent and know nothing.