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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This does matter to LLNL. One of the hand picked scientists by Wright is Steve Koonin. Koonin gave a talk at LLNL. I think Steve has some points on some things and is wrong about others. When he gave his talk Ben Santer threw a fit, attacked Koonin and said he would disassociate with LLNL if Koonin was allowed to give at talk. This was a horrible look for LLNL, Santer and climate science. He could have easily debated Koonin, given his own talk, or critique the talk by Koonin. The fact that he tried to have his talked canceled politicized the whole thing and undermined the scientific process. The defense of Santers actions by blog posters here and elsewhere just made the whole thing look even worse. Luckily, Koonin gave the talk, but many other speakers have been canceled around the nation.
Like I warned that this stuff was gonging to come back and cause issues with all of science, which as you can see is what is happening.