Saturday, December 30, 2017

LLNS Pension Recalculation

LLNS Pension Recalculation - May 2017 Hello LLNS Pensioners: Some of you, myself included, may have received a letter from the LLNS Defined Benefit Pension Plan last May 2017. The letter to me indicated that they had discovered an administrative error with my monthly payment. They indicated that I had received overpayments from the plan in all payments since retiring and that I must repay the plan. They proceeded to make a repayment deduction from my monthly pension check. Unfortunately, this repayment deduction was made on an after-tax basis and the so called overpayment was made on a pre-tax basis. This was wrong and they should have known better. Why is this important? Assume that you are incrementally taxed at 25 percent and that they said that you were overpaid $2000 over the course of your retirement. You would have paid $500 in taxes and received $1500 in pension cash. When they applied the after tax repayment deduction they took $2000 out of your pension payments and you are 

Why isn't LLNL NIF mentioned?

https://www.nbcnews.com/mach/science/long-wait-fusion-power-may-be-coming-end-ncna833251

Friday, December 29, 2017

Cases open the door for pension cuts

Based on the 1947 "California Rule", aren't ALL lab employees pension vested in UC/LLNL and UC/LANL prior to the for-profit contract transitions, entitled to the lower medical benefit premiums of their fellow UC employees? "At issue is the “California Rule,” which dates to court rulings beginning in 1947. It says workers enter a contract with their employer on their first day of work, entitling them to retirement benefits that can never be diminished unless replaced with similar benefits." 
https://www.eastbaytimes.com/2017/12/28/cases-could-open-door-to-pension-cuts-for-california-workers/

Perdue bid?

Perdue put in a bid to run Los Alamos? Really, the chicken company or the university. Seriously, what is the connection if any and what is the motivation for some place that has no connection to bid?

So long Norm!

http://www.huffingtonpost.com.mx/entry/norman-pattiz-resigns-uc-regent_us_5a45888fe4b0b0e5a7a5a9b5

Wednesday, December 27, 2017

Bill pre-filed to tax non-profit LANL operator

LANL contract still about the money to local community and state and not about the national mission “We’re trying to prevent the potential of a nonprofit entity taking over the management operation of the lab, which would have, needless to say, a $24 million impact to the state of New Mexico, as well as a $22 million impact to Los Alamos County,” Cisneros said. “It’s a significant concern for all of us that we maintain that status in terms of revenue for both the state and local government.” The bill seeks to specifically target non-profit contractors that take over the management and operations contracts of the state’s two national laboratories now and into the future. http://www.lamonitor.com/content/state-sen-cisneros-prefiles-grt-bill 

LLNS Contract discussion

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