Friday, January 27, 2006
U.S. Senators Pete Domenici & Jeff Bingaman
FOR IMMEDIATE RELEASE CHRIS GALLEGOS/Domenici (202) 224-7082
JANUARY 27, 2006 JUDE McCARTIN/Bingaman (202) 224-1804
DOMENICI, BINGAMAN OPPOSE SEPARATE LANL PENSION PLAN
Alerting DOE Secretary, Senators Say Separate Pension Plan Unnecessary
WASHINGTON, D.C. - U.S. Senators Pete Domenici and Jeff Bingaman today asserted their opposition to a plan to create a separate pension program for Los Alamos National Laboratory employees and retirees, as proposed by the lab's new management team.
The New Mexico lawmakers outlined their opposition in a letter sent Friday to Energy Secretary Samuel Bodman. Their opposition is based, in part, on the belief that a separate LANL pension plan under the University of California Retirement System Plan (UCRP) would not have sufficient actuarial protection and would require the Department of Energy to provide pay to uphold the lab pension plan.