For Livermore and other folk
My calculators that personalize and understand pensions and benefits were developed for LANL people are being updated for Livermore and its new pension and benefits. I expect the updating to be complete by Friday of this week.
Some of the structure of the spreadsheets was not as generalized as I hoped it would be, so I have some work to do.
posted by Eric at
5:01 PM
2 Comments:
Have you seen this on the other blog. What is your opinion? Do you believe that as the years go on NNSA is going to want to diminish their 11% contribution to the UC fund and by 1% per year will eventually pass the total 16 % onto the UC, LANS and LLNS employees; making the playing field 0% NNSA and 16 % employee contributions leaving the employees of these three establishment on their own. My gut feeling is after watching this transition over the years is that this assumption is inevitable. Check out the comments. For some I think the light bulb has come on, but fir the TCP-1 people it's to late. They are hosed.
Sunday, June 10, 2007
Update Regarding UCRP Contributions
Pinky,
Since the original topic of concern has been buried with blasting peoples shorts off, I am afraid that this question will never get answered. I believe that this would be of interest to all of us now since the UC has decided that they need 16% donations to keep the fund at 80%.
See:
http://atyourservice.ucop.edu/news/retirement/0705-ucrp_update.html
I want to know if the people in TCP-1 at both labs are now going to have to start contributing 5% of their pay checks per month. Can anyone find out where it says the people at both labs that went or are going TCP-1 are exempt from this donation? My feeling is that once the UC or these pension plans get their claws into you they will just keep taking more as the years go on. For some of us this could mean pay cuts in the neighborhood of $640.00 -- $1,280.00 a month depending on your salary.
Thank you,
Anonymous
Posted by Pinky and The Brain at 9:39 PM 18 comments
Yes I have seen it.
UC and NNSA have an interesting relationship. It is not clear how the contributions will change over the years because those changes involve a lot of national politics whose outcome is unknown at the moment.
As to TCP 1 and TCP 2, those who have chosen TCP 1 have a difficult game to play. The TCP 2 game is much easier. The TCP 1 game is playable but tough.
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