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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WWII started in 1939.
Roosevelt - set the stage for bankrupting the country with the New Deal. Kennedy - Made sure Vietnam was kept going. Clinton - well, Clinton, blue dress... Yeah, great examples. And pairing Reagan with Hitler is an impressively disingenuous move. You are either 14 years old, or stuck at 14 intellectually.
For many years this is how LANL management operated.
A students try to hire A or A+ students. B students hire C students. We good now?
Ok, this is just a metaphor, it does not actually mean "A" students, it just means outstanding people appreciate and support other outstanding people because they are confident that they can get job elsewhere that is just as good or better. B students are not actually B students they are just people of limited skill and ability that feel threatened by better people who are actually valuable to the organization so they don't want top people around them. They generally want the worst people around them so they feel secure. Yes organizations are always in danger of the race to the bottom as may a destroyed institute can attest. As for the NNSA labs...well LANL was once a great institute but not anymore.