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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DOE has a history of ignoring acts whistleblower retaliation by its lab contractors against their employees. The retaliation motive being, lab LLC award fee amounts can be negatively impacted by project delays, attention directed to subpar safety, poor engineering controls, etc. You might want to look into it if you’re interested.
In the Boeing situation, leadership are alleged to have willfully ignored whistleblower safety concerns, willfully deceived investigators, and sanctioned employee retaliation in order to keep said safety concerns silenced. This kind of safety culture is alleged to be related to the deaths of Boeing passengers.
Are you referring to LLNL as a whole, or a particular Directorate or Department within LLNL?
Sometimes, people “look the other way” because in doing so, it prevents having to deal with personal ownership of the situation, however small or large that ownership might be. This is a well established lab culture that exists to this day.
Question answered?
6/27/2024 3:58 AM
The problem is Boeing does something, it builds airplanes. If the planes do not work they have a problem. Other companies build planes and can take Boeings business.
LLNL and LANL have no product that can be tested. There is no competition either. LLNs, LANS, Bechtel, whoever can run it has bad as they want.
Some people just don't have a backbone!
Unfortunately, you are 100% correct. They are perverse “for-profit” federal contracts by any free market standard with negative consequences for the mission and for their dedicated workforce. What will the 2026 contract change bring to LLNL?
LLNS HR as an employee protector via LLNS policies, is a complete sham. LLNS HR is 100% subservient to LLNS staff relations, and LLNS staff relations, is a 100% subservient to the for-profit LLNS LLC. That is where we are now, and have been for years.