LLNS Pension Recalculation - May 2017 Hello LLNS Pensioners: Some of you, myself included, may have received a letter from the LLNS Defined Benefit Pension Plan last May 2017. The letter to me indicated that they had discovered an administrative error with my monthly payment. They indicated that I had received overpayments from the plan in all payments since retiring and that I must repay the plan. They proceeded to make a repayment deduction from my monthly pension check. Unfortunately, this repayment deduction was made on an after-tax basis and the so called overpayment was made on a pre-tax basis. This was wrong and they should have known better. Why is this important? Assume that you are incrementally taxed at 25 percent and that they said that you were overpaid $2000 over the course of your retirement. You would have paid $500 in taxes and received $1500 in pension cash. When they applied the after tax repayment deduction they took $2000 out of your pension payments and you are
Tri-Valley Cares needs to be on this if they aren't already. We need to make sure that NNSA and LLNL does not make good on promises to pursue such stupid ideas as doing Plutonium experiments on NIF. The stupidity arises from the fact that a huge population is placed at risk in the short and long term. Why do this kind of experiment in a heavily populated area? Only a moron would push that kind of imbecile area. Do it somewhere else in the god forsaken hills of Los Alamos. Why should the communities in the Bay Area be subjected to such increased risk just because the lab's NIF has failed twice and is trying the Hail Mary pass of doing an SNM experiment just to justify their existence? Those Laser EoS techniques and the people analyzing the raw data are all just BAD anyways. You know what comes next after they do the experiment. They'll figure out that they need larger samples. More risk for the local population. Stop this imbecilic pursuit. They wan...
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If you had this “repayment deduction” applied to your after tax pension payment, then I suggest you contact the LLNS Defined Benefit Pension Plan in writing and request that they resolve the issue.
LLNS Pension Center
RFM Department #01843
Post Office Box 9619
The Woodlands, TX 77387
Benefits and Investment Committee, LLNS, LLC
7000 East Avenue
Mail Stop L-640
Livermore, CA 94550
Michael Murphy, retired in 2012
Thank god I was able to go TCP2, my pension checks come from the UC and its all "pre-tax" money. It was clear this was coming and those who could stayed away from TCP1 like the plague...LLNS is a phony "corporation" and was set up to diminish benefits for future retirees and employees. In addition, TCP1 is a "closed" system. The "before tax" and "after tax" contributions are blended into one system, with a promise that those will receive some "before tax" and some "after tax" checks when they retire. I have an Island in Antarctica I need to sell....Makes no sense at all..All TCP1 contributors need to seek legal counsel and sue over this bait and switch scheme....In the 2006 announcements there was no reference in the handouts that pension contributions would be taken as "after tax" money....the UC doesn't take contributions from "after tax" Pay of its employees...TCP1 headed to the PBGC....Good Luck.
Hysterical and uniformed much?