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...
Comments
March 2, 2018 at 8:25 AM
Everyone knows this is how the GRT is used, why is this a surprise? This is New Mexico after all land of corruption.
March 5, 2018 at 8:20 AM
Right. That's what everyone in Washington thinks. Plus everyone in Russia and China. Plus everyone in academia who try to match LANL's data. Plus the military, who depend on LANL for NW issues and results. But keep on with your mindless drivel it is entertaining!
Those days are long long gone. It is about free money now and has been since 2005.
The lab most certainly does NOT exist "solely for the enrichment of the local community", that's a gross exaggeration. 93% of LANL's budget was spent on the same things post-2006 as pre-2006. Of the 7%, less than 1/3 of it made it into the local communities, that's about 2% of LANL's budget.
It's fair to argue that the 2% was wasted, and much of it was wasted, but don't try to turn a 2% issue into a 100% issue. This kind of gross exaggeration just makes you sound like a fool.
March 6, 2018 at 8:19 AM
Nothing new. The "it's all about the money" guy has sounded like a fool from the start. Zero brain cells, and dollar signs instead of eyeballs. Yeah, just like the cartoon.