Thursday, May 11, 2006
Already disappointed with the lack of choices
As Eileen Patterson (Our Choices, 5/3/06) so non-succinctly points out, just about every "clarification" by Los Alamos National Security, LLC raises more issues than it addresses. For example, among the limited mutual funds listed in the 401(K) Investment Option Lineup (http://lansllc.com/401(k)
question from the official sources. But I expect it
will turn out that we *can* invest in those 'closed'
funds, because I just 2 days ago was able to invest in ContraFund for the first time. Obviously that's in our old plan which is much better, but to me it bodes well (something in writing would bode much better).
*** Deal, or No Deal? -- Bet Your Pension!!! ***
Ever watch the popular game show hosted by Howie Mandel called
"Deal, or No Deal"? If you have, then you'll be able to easily
relate to what I'm about to say.
While watching this show, it suddenly occurred to me that the
pension choices we are being forced to make are like a perverted
version of this popular game show. It goes like this:
Standing by the podium is a shiny, un-opened briefcase that may
(or may not) contain pension assets worth up to $1 million!!!
This shiny, un-opened briefcase that sits beside us represents
our future assets in the defined benefits of TCP1. It could
make us very rich. Unfortunately, we won't know exactly how
much is in this briefcase until we get a chance to open it up
at the end of the show. Drats!
Other briefcases are selected and opened by the beautiful models
on stage to reveal cash amounts that are taken "off-the-table".
Once these amounts are exposed to us, we know they are the cash
amounts that we won't be finding in our mystery briefcase.
This action represents the latest information on benefit reductions.
You know, those little bomb-shells we keep seeing like last week's
DOE "Directive N 351.1" and the latest LANS or UC memos.
In this show, unseen "bankers" up in a booth make repeated phone
calls to the contestants (us) with offers to buy up our un-opened
briefcase. They offer us various amounts of cash. The "bankers"
represent DOE and the cash amounts they offer for our shiny,
un-opened briefcase represent the defined contributions of TCP2.
Care to trade your un-opened (but possible rich) TCP1 briefcase
for a specific cash buy-out of TCP2? That's the "Deal, or No Deal"
part that you'll have to decide. Choose wisely.
Now, isn't it neat to know you don't have to go out to Hollywood
to be on a TV game show? You're all playing the game right now.
Have fun, everybody!
Wait a minute.... I just got a phone call from the NBC big-wigs.
It appears that the show has just been *CANCELED*. That's when
LANS LLC suddenly disappears as the manager of LANL. This completes
our analogy. You can now change channels.