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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However not to be too conspiratorial but did Project 2025 say anything about the DOE/NNSA labs?
The budget may well be going up at LANL so it is not surprising that more people are getting hired. It all depends on the job you are doing. The issue is that certain portion of the budget are going up and certain portions are going down some managers are now saying that it is clear that just moving people around is not feasible in all cases so things are going to get rough. All I know is that someone pointed out that the Director said that the science portion of the lab is going down but gave go details.
Yes, it says that NNSA labs should only do nukes. No science or even DOD technology development, for that matter.
Our only hope against complete destruction is for Democrats to regain the majorities in Congress next year. Otherwise, the labs will be a shell of a lab.