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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If you subtract the freely allowed illegal alien arrivals from the legal tax paying resident CA exodus, the answer is NO.
Is CA “beating the farm” on a 2025 or 2030 census that will INCLUDE illegal aliens?
Because if this is not permitted, CA will have absorbed millions of people that the federal government will not acknowledge or help fund, leaving CA legal residents, on an isolated financial island on the hook for those expenses. What a CA financial sh_t storm this would be.
As of 2023 data, the population of illegal immigrants in CA alone was ~2.3 million. This 2023 figure exceeds the 2025 population of Santa Clara County in CA. According to Moody’s Analytics, 22 states are now in a “recession”, some states are in an “expansion”, while CA was identified as “treading water”.
https://www.msn.com/en-us/money/markets/are-we-in-a-recession-yes-if-you-live-in-one-of-these-22-states/ar-AA1NR6ja