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
6/22/2023 5:39 AM
The sub story is interesting but it is hard to see a NNSA connection. I guess calling cowboy would be one way.
6/22/2023 5:43 PM
Pete Nanos wold have blamed the Orcas and would stand down the ocean and open it up with only 10 fish if need be. He would keep telling the fish, "you don't get it", "you don't get it", when asked "what is", he would just say "asking questions is part of the problem!"
What can be done in the ocean that that cannot be done elsewhere?
To be honest Pete did not have much knowledge of physics, sure he has a degree in experiment physics from Princeton but the work was never cited and had no influence. He never went near physics again. He is the least scientific person of any of the lab directors by order of magnitude.