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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Forcing Detroit to make electric vehicles is a wonderful idea. Let the free market find the best solution. I mean what else do people do in the Department of Energy.
Americans will embrace electric cars when they make sense to do so, WITHOUT A TAX BREAK. When people pull back the curtain and see how electricity is generated and realize that deferring the carbon foot print from the exhaust pipe to the stack of the generating plant that is out of sight is NOT the answer. You want to reduce that carbon footprint, those nasty things called NUCLEAR plants need to be added to the equation.
What is the expense both in dollars and in environmental costs to deal with the batteries of the electric cars when they need to be replaced? We didn't think too far ahead when we pushed for the compact fluorescent bulb and then had to deal with recycle issue of the mercury.
But we'll do better this time. I've heard that phrase before.
If Ms. Granholm can bring a deep seated racial bias to the table, she can compete with Hazel O'Leary. Big shoes to feel in that regard.
12/27/2020 5:01 PM
You mean Perry... at least O'Leary had been in DOE before and knew how to get to Forrestal. Both Granholm and Perry had zero knowledge of DOE before becoming S-1.