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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Now this is some disturbing news.
Who is Adam Luft? Perhaps he is so high up that we don't know about him.
2/19/2020 5:49 PM
Hmm, now who could Luft possibly be? Thats a tough one as I cannot think of single opinionated senior designer who thinks he knows best and likes to let everyone know it. Wow what a mystery.
Ok to fair the person has a point.
There has been talk that some people have seen Luft, or least heard of his existence. There are others like him but it is sort of like the movie Dune with the navigators.