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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The Dems are generally pro science and can just shift the labs to work on green energy.
Maybe Biden will attempt to cut the NNSA budget. The question is what is the time frame and if we can get enough support from the house and Senate. One problem is that some Republicans may want some cuts as well to say that they stopped some spending. The NNSA is a big target indeed. Not to mention that a case could be made that some cuts could be justified. The bigger worry is maybe they want some real crazy cuts.
It looks like the world is changing. Could it be better or worse, well that depends, but it is going to change fairly fast, particularly in terms of the internet. I bet this very blog is gone in 6 months but maybe less. In case it ends sooner than we think I just want to say thanks to Scooby for giving the NNSA folks particularly non-mangers a voice for issues and information.
https://i.redd.it/p5ncvyjjlhh11.jpg