I looked into the issue with the LG Enlighten, and I found this (after talking with a contact who is knowledgeable about the phone):
A quick check of the internet says that GPS is now ahead of UTC by 15 seconds.
Since the CDMA is clocked off of GPS, it is safe to assume it clocked off of GSP. And most likely will not change.
Local time is the date/time reported by your PC (as seen by your web browser). If your PC clock is accurate to a second then the other time scales displayed above will also be accurate to within one second.
UTC, Coordinated Universal Time, popularly known as GMT (Greenwich Mean Time), or Zulu time. Local time differs from UTC by the number of hours of your timezone.
GPS, Global Positioning System time, is the atomic time scale implemented by the atomic clocks in the GPS ground control stations and the GPS satellites themselves. GPS time was zero at 0h 6-Jan-1980 and since it is not perturbed by leap seconds GPS is now ahead of UTC by 15 seconds.
Loran-C, Long Range Navigation time, is an atomic time scale implemented by the atomic clocks in Loran-C chain transmitter sites. Loran time was zero at 0h 1-Jan-1958 and since it is not perturbed by leap seconds it is now ahead of UTC by 24 seconds.
TAI, Temps Atomique International, is the international atomic time scale based on a continuous counting of the SI second. TAI is currently ahead of UTC by 34 seconds.
So the answer is the time depends on the clock.
As Chicago once said Does any one know time it is?
The answer is it depends.