Friday, October 07, 2005
Pension Changes to Affect New Workers
Friday, October 7, 2005; Page D01
The question is "How will this affect LANL employees?" We will be "hired" after January 1st. We need to watch this very closely.
My guess is that we will come in with a "substantially equivalent" benefit plan when the contract starts, but things will be changed in the latter years to get benefits in line with the 5% DOE rule and to save the LM/UT LLC some money.
Hope that I am wrong on this!