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The New York Times Company Message Board

dreamsofcash 3 posts  |  Last Activity: Jul 20, 2014 10:32 PM Member since: Jun 19, 2003
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  • Reply to

    The Obama Regime and Gilead

    by obamaworstpresidentever Jul 20, 2014 6:44 AM
    dreamsofcash dreamsofcash Jul 20, 2014 10:32 PM Flag

    "Beep..beep"..... your brain is ready!

  • dreamsofcash dreamsofcash Jul 11, 2014 3:41 PM Flag

    Problem: Eventually CBST drugs will not stop infections after diseases become desensitized to CBST drugs defenses...eventually CBST drugs will be become ineffective.....just like all other drugs....short -med term shelf life at best.

    Sentiment: Hold

  • Bethesda, MD-based prime defense contractor Lockheed Martin Corp. (LMT) announced that it will freeze its defined benefit pension plan and move active salaried workers to an enhanced defined-contribution program. This will not only enable the defense major to manage the rising costs of its retirement programs, but will also limit long-term liabilities.

    Under a two-phase transition plan, starting on Jan 1, 2016, pay-based pension benefits will be frozen first, followed by service-based benefits. Pay-based benefits will be frozen on Jan 1, 2016 and service-based benefits will follow suit on Jan 1, 2020. Hence, by Jan 1, 2020, Lockheed Martin’s current service-based benefits will be terminated.

    The new 401(k) retirement plans will offer employees up to 10% of their salary in company contributions each year. This move not only helps to retain skillful talent at the company, but also helps in reducing long-term costs.

    The Pentagon repays defense contractors a certain portion of their workers' pension costs tied to work that was done for military programs. The defense companies had to wait for years for the funds, but last year’s new accounting regulations are expected to speed up the pace of those compensations. The new rules will certainly give a boost to the cash flow of these companies, thereby helping to drive earnings in a currently tepid budget scenario where the top line is constantly under pressure.

    We note that Lockheed started to phase out its traditional pension program in 2006. The U.S. pension fund was also closed to new hires then. Lockheed Martin said 48,000 out of 113,000 total employees are still enrolled in the program. It also comprises 250,000 retirees and former employees.

    Last year, Lockheed Martin exhausted $2.25 billion in cash for its worldwide defined benefit plans. In Jan 2014, the company announced that it expects to contribute $1 billion in 2014.

    The maker of the world’s most expensive weapons system – the F-35 Joint Strike Fighte

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