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
6/30/2021 8:34 PM"
Hmm, the only problem with this argument is that the weapons people did not like him but the other group of scientists who spend some time outside of weapons programs absolutely hated the guy. Most of these people have superior records to Terry and did not think much of him. I never heard anyone say he was arrogant but that he was just very insecure. We will not mention that everyone in geophysics knows about the "issues" he had at U of Arizona not long before he left for LANL (all of this has been talked about endless times on the various LANL/LLNL blogs) . To be honest the only other guy I meet that was more insecure around real scientists was Steve Younger.
8:34 pm I find your opinion to be a bid odd . If you are retired I hope you enjoy it, if you will retire in the future I hope you enjoy it, if you retired today I also hope you enjoy it ;)
Hey 6/30/2021 10:03 PM:
"Steve Younger insecure around real scientists" ?
What other planet have you been living on for the past 30 years?
7/02/2021 7:30 PM
After the WHL incident Younger was put in T-Div, he was beyond intimidated. He gave a few talks and tried to pitch some of is beyond silly ideas and got torn to shreds. He just radiated pure insecurity and is his research he was trying to do on complex systems was amateur level stuff. He would try and sound like he knew what he was talking about by mentioning philosophers and even got that wrong. Everyone thought that guy was a total joke and a phony. It got so bad that some people stated to feel sorry for him.
7/03/2021 10:34 AM
Good grief, use a spell checker.
Good grief, use a spell checker.
7/03/2021 8:50 PM
Great counter.
Under him and Honeywell, Sandia has gotten much worse and become extremely adversarial toward employees. They have helped open a gaping chasm between the rank & file staff and the management. Many of the good people at the Directors level are leaving, a real mass exodus. Sandia has basically turned into a shabby defense contractor, losing any distinction as a National Lab.
Things have gotten much much worse. Sandia was always third best and under Honeywell they are fading from that position fast.
11/10/2019 7:03 AM