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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It is time to get serious about the tremendous opportunities. We have to keep it for profit and we have to set the terms of of the contract. There could be more money than ever for less work than ever! There could be more positions that ever, PAD, SPAD, SUPADS, ULTRPADS, and SPECIAL Centurions positions. New offices, cars, travel, a LANL plane or helicopter, a managers only on site club, a special building in DC for month long stays, more retreats, chauffeur service, extra staff to meet manager needs, 8 level bonus systems, regular bonus, term bonus, achievement bonus, buddy bonus, year one bonus, year N bonus, double bonus and OT8 bonus. Also a new buy in session where people can pay extra money to learn the secrets of success at LANL. How about a LANL cruise ship for summer long manager retreats, SS Hubris. Clothing allowances, you have to look like manager before you are a manager, monthly manager team gurus like Tony Robbins, fire walking, transcendental meditation, manager yoga, a managers only car port, and visualize success programs where the s is spelled $. They sky is the limit but do you have the guts to go for it?
Yes it is time to get serious for those who are serious about winning. Are you in or are you out! NNSA has no idea what they are doing and are looking for someone anyone for guidance. The winning bid team can be the leader that the NNSA needs and the leader can set his/her own terms, now is the time to act before this deal expires. The last contract change taught us that big money can be made and the ultimate lesson learned is that even bigger money can be made this time around so lest go for it!