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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I can't recall if the lawsuit by retirees who believed they covered under UC was successful. If you were not part of that lab population that was retired prior to the contract change then you have no standing with UC whatsoever concerning medical retirement and queries to them will be shuttled to LLNS.
Someone who followed the lawsuit can speak to coverage under UC, if that was indeed successful.
The LLNL retiree lawsuit against UC ended in settlement. Including retiree legal fees, UC (or more likely DOE) paid almost $100 million. UC legal fees for their outside attorneys were probably comparable to retiree legal fees ($12 million). All class members received a payment for past damages and surviving members receive a yearly supplement towards medical costs. Class members were not returned to UC medical.