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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Ask anyone who has worked at the labs for 5, 10, 15, 20 or more years and they will tell about half the people they know have left LANL. In general they leave Northern New Mexico and go work for all the places that have been noted. I would add a number have left for faculty positions, other government jobs like DOE, NNSA, or gone to the defense industries. In short they almost all leave New Mexico. Greg is just one weird guy, he seems to think that if Los Alamos or Sandia did not exist that all these tech bs, ms and Ph.Ds would still be around and start coffee shops or something. These people like everyone else in STEM go to places with jobs.
This is not to mention all the work that is done at Los Alamos that has all sorts of economics implications beyond nuclear weapons. Of course any one with any knowledge of the history of science and engineering knows that a large fraction technical advances where initially pursued or funded for military reasons, this is going back to the Greek times.
I am always stunned by the comments from Greg. Is he really this stupid and lacking of historical knowledge? I am guessing not and he is simply saying this extremely low level stuff because it appeals to the Santa Fe divorcees who give his group money.