This is in response to my last thread I posted on "Is the pension plan in Central States about to go under". New information has surfaced to prove this. I obtained a complete copy of the latest annual report (2005, the report from 2006 is not out yet) from Central States pension fund, form 5500. This is public record, so if you don't believe me, call Central States and get a copy for yourself. This is what you need to know. Schedule B, lines 2a,2b, and 2c, shows the number of participants in this fund, the assets and liabilities, and the percentage that is funded. Total assets are 18.7 billion dollars, total liabilities are 39.6 billion dollars. There is a shortage of almost 21 billion dollars. The liabilities are currently more than twice the assets. Line 2c, shows that the pension is only 47.2 % funded. This is down from 50.43% funded in 2004. It went down even with an investment return of 13.4%, (also in this report). Even with a hefty investment return, the fund still declined! The Teamsters don't want the government to take over our fund, as they will no longer be able to steal our money (they call it administration fees which are in the millions), so they divert all of the additional medical money into the pension. This causes the medical fund to be underfunded, and thus we all pay higher copayments and deductibles. As more employees retire each year, the fund accepts additional liabilities, but the assets continue to shrink. As a result, further cuts are needed each year, as the fund is beyond the point of no return. This is why the Teamsters want each of us to work until the age of 65. Most of us will not be able to do this back breaking work at that age, so they limit the monthly pension we receive. This is not fair to us, but we have an alternative. We can replace the Teamsters with the APWA, (a union for UPS employees only, where we receive all the pension money and not share it other people that worked for other companies). In order to do this, we need you to sign a petition card from someone in your work area that is passing them out. It is time we took control of our pension fund and stop the abuse that the Teamsters are forcing on us. UPS gives more than enough money to fully fund a pension (100%), and more than enough money for medical benefits where we are not forced into paying higher copays and deductibles. Open your eyes already and stop believing the Teamster propaganda machine. Ask them to show you in writing where the pension money is. I doubt they will, as they have no answers left. Some of you have called me names and disputed what I write, but none of you can back up your baseless statements. The proof is in the report, like it or not.