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
- the money will be cut BY DOGE, not for them
Could the labs only focus on weapons
- that would waste expertise developed
Would the labs work on ways to invade Greenland
- OK, Silly question, do you think the military is going to blind them with NIF?
Would all alternative energy research cease?
- If it can be done better in the private sector it might go there. Develop the science at the lab and transfer it to the private sector.
Would DEI be cut
- The executive order is out, it dies a quick death
Will strange new rules be implemented
- Like merit based productivity, real science?
https://en.wikipedia.org/wiki/Kvanefjeld
Greenland's government has blocked development of this,
https://www.reuters.com/world/americas/greenland-bans-uranium-mining-halting-rare-earths-project-2021-11-10/
https://newint.org/mining/2025/greenland-being-held-ransom
https://www.bbc.com/future/article/20250121-the-enormous-challenge-of-mining-greenland