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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So UC is really going for. By the way if one wants to know the real story, during the contract change Bechtel was given the impression that their role was to punish UC and LANL and that they would really be ones running to lab to bring in all these great business improvements and save tons of money. Of course not only did none of improvements happen but it only got worse. But make no mistake at the time Bechtel was given the nod they are in charge not UC and hence the disaster that have now. NNSA/DOE have long since realized their mistake and now want UC to be charge.
September 17, 2017 at 4:36 PM
You have no idea what you are talking about. I was there. UC did not fire Walp and Doran (not "Dorn," you putz). Busboom and Tucker, Walp's and Doran's immediate supervisors, fired them, and then UC fired Busboom and Tucker for firing Walp and Doran!!! How does that little inconvenient fact sit in your craw??
No choice, everyone else is unproven.
Nothing ever changes for the better in the NNSA complex. Isn't that perfectly clear by now?
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Ultimately, UC apologized publically for UC's wrongdoing.
Ultimately, UC apologized publically for UC's wrongdoing.
September 18, 2017 at 8:56 AM
What wrongdoing. UC did the right thing everyone agrees on this. Sure it cost a bit of money but in order to protect the nation it was the right thing to do and is why UC won the rebid and why
it may win again, because power in DOE and NNSA recognize a good deed when they see one.
September 18, 2017 at 8:56 AM
If you think that every firing of a Group Leader and his subordinate ASM was "reviewed by the UC Board," you know nothing about how LANL worked under UC.
Sooo, now what do we do to make the best of it? Find the best corporate person to run a lab. Any names?