Lawrence Livermore National Security LLC
FOR IMMEDIATE RELEASE

COMMENT PERIOD EXTENDED FOR PROPOSED LIVERMORE LABORATORY
BENEFITS PLANS

LIVERMORE, Calif., June 26, 2007- The Department of Energy's National Nuclear Security Administration (NNSA) and Lawrence Livermore National Security LLC (LLNS) are extending the comment period for LLNS proposed benefits packages for Lawrence Livermore National Laboratory employees.

The comment period will now close at noon Monday, July 2, 2007. Previously, the comment period was scheduled to close at noon Thursday, June 28, 2007.

"It's important to give Laboratory employees adequate time to comment, and from an initial look at the employee comments, many have asked for a longer comment period to fully study the proposal," said Thomas D'Agostino, NNSA's deputy administrator for defense programs.

"The benefits plans are integrally tied to the future of the Laboratory's ability to recruit and retain the very best," explained LLNS President George Miller. "This extension allows Laboratory employees an appropriate amount of time to study the plans and submit their comments."

NNSA awarded LLNS the contract to manage the Laboratory beginning Oct. 1, 2007. As required by the contract, LLNS must submit two compensation packages. One package, available to transferring employees, must be substantially equivalent in the aggregate to that provided by the predecessor contractor (the University of California). The other package, available to new hires and transferring employees who opt for this package, is a market-based total compensation plan that must not exceed 105 percent of a value index in comparison to LLNS-proposed and NNSA-approved comparator companies.

The plans are expected to be approved in early July. Once approved, LLNS will hold several additional meetings for laboratory employees and retirees to answer questions regarding the benefits plans.

Comments on the benefits plans may be submitted to NNSA via e-mail at llnlemployeebenefits@doeal.gov.

Comments may be submitted to LLNS by calling 925 424-5567 or via the Internet at www.llnsllc.com.

More information on the LLNS team is available on the Website, www.llnsllc.com

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  Copyright 2006 Lawrence Livermore National Security, LLC