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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As Charlie said: follow the money!!! This guy was just following the money the way LANS does. LANS thinks LANL is a scam for free money, the town of Los Alamos thinks LANL is a scam for free money, and New Mexico thinks LANL is a scam for free money. Maybe some of the LANL workers are starting to get the same idea. Why blame this guy he is just doing what everyone around him is doing.
Ca, ching baby, some do it well and others as we have seen..not so well. Don't hate the player hate the game as they say, but come on you got to play the game better than this. As many a high lever manger have actually said about LANL " there is gold in them hills if you play it right but you have to play it right. " We are all at LANL for one reason and one reason only and that it is to make money but you have to be smart about it. If you are at LANL for some other reason you do not belong at LANL.
LANS is coming to an end, could this be the end of an era of profit or the beginning of of a whole new era super profits? If we have learned one thing from the last 12 years it is that you can profit from a decline, so ask yourself this, how far can it fall? Things could become very lucrative at LANL for the those that see an opportunity on how fly something to to ground.
Cash Rules Everything Around Me
C.R.E.A.M. get it
Uggg....
Never count Bechtel out...NEVER, don't be surprised if they are part of a winning contract. Bechtel baby!
Do you think calling someone a psychotic is an insult? You my friend do not understand the nature of a corporation.
Corporations are psychotic. https://www.psychologytoday.com/blog/our-humanity-naturally/201103/why-corporations-are-psychotic
If corporations are indeed "persons," their mental condition can accurately be described as pathological. Corporations have no innate moral impulses, and in fact they exist solely for the purpose of making money. As such, these "persons" are systemically driven to do whatever is necessary to increase revenues and profits, with no regard for ethical issues that might nag real people.
But, you say, corporations are owned and managed by real people, so surely immoral corporate actions might be inhibited by them? Well, not really. First of all, the officers and directors who run corporations are actually duty-bound to act in the corporation's best financial interest, and that means they are obliged to do whatever they can within the law to make money. Thus, this fiduciary duty requires corporate management to set aside ethical niceties when they get in the way of corporate profits.
Callous disregard for the feelings of others. Check.
Corporations have a fiduciary responsibility to their shareholders to make a profit, to put their economic and profit interests first above all else. Clearly, civilization and democracies are not built on the premise that money takes precedent over all else.
https://www.politicususa.com/2012/04/19/corporations-people-psychopaths-2-2.ht
In the movie “The Corporation” they use the personality diagnostic checklist DSM-IV to test corporations for pathological symptoms:
Incapacity to maintain enduring relationships. Check.
Reckless disregard for the safety of others. Check.
Deceitfulness: repeated lying and conniving others for profit. Check.
Incapacity to experience guilt. Check.
Failure to conform to social norms with respect to lawful behaviors. Check.
Love or hate for Bechtel is irrelevant, the for profit model has merely opened up lucrative opportunities for some people and they took advantage of it. They would like to keep this going of something like this going. Can you blame them?
Yes, for being illiterate.
February 26, 2018 at 5:38 PM
Yes that invalidates the whole point.