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
“Boeing whistleblower says he was told ‘frankly, to shut up’ after 3 years of raising aircraft quality concerns: ‘This is the hell that I was subjected to’”
“Instead of addressing his concerns, he said, Boeing brass shut him down, part of a broader trend within the company of brushing off safety concerns in the name of productivity and the bottom line.”
Powerful and influential for-profit companies, 100% support their whistleblower employees right? Who would want to be actively complicit with any other treatment of a whistleblower?
https://finance.yahoo.com/news/boeing-whistleblower-says-told-frankly-214347933.html
Most employees would obviously not want to be identified as “actively complicit”. And, if too many employees became aware of unlawful or retaliatory treatment, the odds of one of them squealing or making a revealing mistake will increase.
A more likely path of being treated like “hell”, is to keep the intent and goal of such treatment limited to a few key individuals, and then systematically leverage other employees not acutely “in the know”, with workplace tasks that indirectly support the abusive treatment, until the desired end goal is achieved. Ugly, but it does occur and it can lead to high levels of stress, hardship, or worse for the subject of such abuse, whatever age that person is. We can do better.
In the United States in particular there have been not that many fatalities on either Boeing or Airbus flights in the last 20 years -- perhaps because a lot of these other factors are dealt with well thanks to FAA and other agency regulations and safety work:
https://en.wikipedia.org/wiki/List_of_fatal_accidents_and_incidents_involving_commercial_aircraft_in_the_United_States