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
Why not choose the most qualified person?
By the way what is being proposed is actually racists and illegal. You cannot simply say "we must hire an American American Director at LLNL".
When ever you see statements like these just exchange the words "African American" or black with "White" or "Jew" and see how it sounds. If it sounds racists that is because it is no matter what race you put in.
Also I would be very careful trusting anything from Bothwell, if you know anything about him he seems like opportunists and if it suited his agenda he would be saying the exact opposite the next day.
Why would you make such a statement? "Seems like" ?
Interesting position since LLNS Staff Relations (legal department) is loaded with "people of color" meaning non-white. Why is that? Hmm.
8/30/2020 12:09 PM
There is no "most qualified" candidate for positions like lab Director, but there will be many equally qualified, if the hiring committee has done its job. In such cases AA/EO demands hiring the minority applicant.
and you need to read 41CFR60-2.1.