Having access to barges and storage tanks and pipelines gives the bank additional options to move or store commodities that most energy traders do not pursue.

if the work levels get even halfway back, their problems will go away

I think it is pretty clear to us at this point that defined benefit plans are posing a problem for employers.

We actually had people come and talk to us from other countries to ask the questions of, how do your plans work?

My personal feeling is that the recent move we have seen to combined contribution plans in the past decades is setting us up for a real problem of an entire generation of completely broke 75-year-olds.

I definitely don't have the solution at this point, so I can't truly answer your question as it was asked.

$900 a month.

the average benefit you are paying to someone who retired in the past year, ... was approximately $1,400 per month.

It is impossible to come up with a precise figure, and we have tried. Right now we have been estimating somewhere in the neighborhood of 5 percent of all plans have a danger of insolvency.