Heard the same type rumor but who can say if it's true. We just got a mailing in the last few weeks of the financial health of Central States and it's not good at all. You can't expect UPS and the other Teamster companies to pony up for the gross mismanagement of these various funds. Some would say it's a combination of bad market dynamics coupled with an ever growing baby boomer retiree group but the simple truth is a good fudicary manager would have planned for these variables and the conditions we now see might be lessen from impact. I don't see things changing and in fact will probably get worse and the insult to injury is we may regret the day, if not already, the blind allegience we gave to Carey and crew in 1997'. We had a chance for once to play one against the other and get a good deal but it's probably gone forever. JMO.
