Sunday, April 03, 2005
More on UT
Is UT back in LANL competition?
SANTA FE (2005-04-01) -- Word from Austin this morning that the University of Texas may be re-entering the process to bid for the Los Alamos national lab contract.
The school's vice chancellor wouldn't comment on air for KSFR. But he emailed a statement, saying the school welcomes opportunities to build on its contributions to the nation's national labs.
The university recently signed an agreement to partner with Sandia National Laboratories in Albuquerque on research. Sandia is operated by the Lockheed Martin Corporation. The statement from the University of Texas comes just days after Lockheed Martin announced it is re-entering the competition to bid for the Los Alamos contract.
Our own contribution to the UCRP retirement plan is 2% up to the SS wage base, 4% after that, less $19 a month. This amount has been "redirected" into separate, immediately vested accounts since 1991.
I'm sure any contractor can come in and put together a "substantially equivalent" plan by collecting 8% of your salary to do so.
I would expect at a minimum, that those "redirected" contributions will begin being routed into the new pension plan if there is to be anything above a basic plan for which the employer pays the entire cost, e.g., Sandia's.