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
I am going for this being a nothing burger. Iran needs to say they did something so they launch 100 drones that mostly shot down. A few missiles hit some dirt two or three people are hurt. Israel my hit some random out post in Syria now and say Iran owns it. Over and done.
"You surround yourself with a cadre of body guards. Some insane fellow attempts to attack you with a bat and the attack is deflected by those guards. You are not seriously injured. The attacker retreats and has the chance to attack again. Is that a nothing burger?
4/14/2024 1:17 PM"
Before I reply I want you think for yourself why your analogy makes no sense. Try it.
Yes it is nothing burger. Israel will strike some super minor target in retaliation and the whole thing is done.
"Knowing that Israel has the capability of intercepting missiles why does Iran waste over 300 of them? They are doing it to save face?"
Exactly, it is just to say to the local population,...look we struck back.