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 will be interesting to see the composition of the Board of Governors/Directors for Triad - it there is one. I really hope that there isn't a BOG like clone. Looking at both ORNL and PNNL, it appears that Battelle does not use a "corporate" Board model for oversight of lab leadership and management. Considerable costs - money and time - will be saved by Lab staff not having to prepare watered down "everything is fine - we're doing great" powerpoint presentations for BOG meetings.
Still hard to determine what A&M has to do with Triad, other than pulling out the share of annual fee?
On a more serious note, the ALD for simulation and computation is still awaiting announcement.
Curious how the proposal was RFP compliant with a TBA in the key personnel, since contracts were to be included in that. Anyone want to venture that something smells very bad here??
July 18, 2018 at 3:07 PM
That does seem way out of bounds from the RFP.
It is not the cowboys from Texas I am worried about, it is the UC cowboys who no doubt made sure to marginalize Texas AM, because they think they are the best and brightest.