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
5/13/2019 2:05 PM
What is "non war-related research"? You mean like the Curies and Bequerel in the late 1800's? Or maybe early radar research in the 1930's? All research "could" result in discoveries that "could" be used in war. Your comment indicates an ignorance of scientific history and of the process of scientific discovery. Your breathless tone indicates a crazy liberal mindset.
Looks like the DOE supports the direction of the current management. 91% fee paid.
https://www.energy.gov/sites/prod/files/2019/01/f58/FY18%20LFO%20EOY%20PER%20and%20FDO%20Memo.pdf
5/20/2019 8:59 PM
Hardball looks like pushing back on stupid requirements and contesting fee deductions. NNSA is a "customer" in one sense, but is also the "overseer" that establishes all the rules for "commerce." Not a traditional "customer" at all.
5/25/2019 7:03 PM"
Ah yes, Santa Fe, home of the Santa Fe Institute, co-founded by George Cowan, Murray Gell-Man,David Pines, etal., pushing complex science far beyond the intellectual boundaries of the typical blog rat.
"The Santa Fe Institute is rather long in the tooth, and not very productive, unless you count sitting on laurels."
They have the laurels, but you don't.