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
How do you get from a closed office to “directed them to other activities”?
The normal pattern when LLNL program funding is lost if applied here would be DEI staff would become EIT employees, where it is the EIT employees responsibility to compete for and acquire a programmatically funded assignment or face individual RIFs. “Rules for thee but not for me".
The DUI event sure shows the true colors of management and how they treat the working class at the lab. Normally a DUI or even accused of a DUI result ls in having your clearance revoked, and not having a clearance in some of the working class organizations in the past meant you were on the EIT list and if they didn’t find another job they were shown the door.
True. Management response? Limit attention to tragic event domino Z, and keep preceding event dominos A to Y in the sequence, out of the discussion. Shameful.