What approach is the NNSA taking, if any, to LLNS pension “spiking” in all forms, if and when it is found? Has LLNS been audited for evidence of this practice by any other Agency?
Calpers criticized for passive approach to pension 'spiking'
“…Part of that law was aimed at halting spiking, the practice where workers on the eve of retirement cash out, for example, years of unused vacation and sick pay to inflate their final year's salary…”
https://finance.yahoo.com/news/calpers-criticized-failing-halt-pension-203823680.html
8 comments:
Nope. TRIAD decided to rob its employees of their earned sick leave instead.
Pension spiking is only for managers.
So who is monitoring for LLNS pension spiking for managers, where salaries are not in the public domain? Oh, that would be other managers next in line? This should result in strong oversight.
Getting back to the LLNS pension…. In the latest revision of the summary plan description on page 7 it states that your HAPC excludes overtime, shift differential and bonus pay.
https://www.llnl.gov/sites/www/files/2021-06/LLNS_DB_SPD.pdf
“Getting back to the LLNS pension…. In the latest revision of the summary plan description on page 7 it states that your HAPC excludes overtime, shift differential and bonus pay.”
And your point is LLNS pension spiking therefore cannot occur?
The topic question was in part:
“What approach is the NNSA taking, if any, to LLNS pension “spiking” in all forms”
Undisclosed annual salaries and the rates at which some salaries are increasing compared to others, can also be “spiking” by another name
on the down low.
12/18/2025
“The topic question in part”
“Nope. Triad decided to rob its employees of their earned sick leave.”
The getting back to the subject part is the original LLNS pension and its relation to the article about the spiking in CALPERS has absolutely nothing do to with TRIAD period.
Additionally the “Nope”” part is completely wrong in regards to the LLNS pension according to the “Plan Description Summary” on page 4 states that if you retire within 120 days of termination the sick leave will convert to service credit. So Nope 12/17 7:13 is completely wrong and 12/18 8:48 this is where the getting back to the subject comes from.
Someone appears really upset with TRIAD. Maybe start a new topic on that LANL matter?
Or, maybe it’s a red herring to get off of the LLNS employee discretely milking the pension topic and “oversight” thereof.
Pension plan managers, LLNS, other, have a fiduciary responsibility to address employee compensation “irregularities” or practices impacting the health of the respective pension fund in real time. Nobody wants to make higher preretirement contributions or see their pension liabilities increase reference to its assets, as a result of anyone gaming the system.
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