US Steel workers awarded access to pensioner fund

Thursday, 10 December 2015 02:07:05 (GMT+3)   |  
       

Local media reported Wednesday that US Steel pensioners will gain access to $3 million in transitional funds provided by the Canadian government on Jan. 1, 2016.

The fund was announced in October US Steel Canada was allowed to end payments for health benefits for former Hamilton and Nanticoke mill workers. The $3 million will cover a portion of the benefits for the 20,600 eligible participants until March 31 or sooner if the money runs out.

Kelsey Ingram, spokesperson for Finance Minister Charles Sousa, said in October the transition fund was set up to "assist those people who are in urgent need to have access to the drugs and services that were provided by the employer and were terminated Oct. 9, for six months, while other avenues are being explored."



Tags: North America 

Similar articles

US import rebar offers stable week-on-week

30 Apr | Longs and Billet

US raw steel production down 0.9 percent week-on-week

30 Apr | Steel News

Steel employment in Mexico drops 0.3 percent in March

29 Apr | Steel News

Cleveland-Cliffs initiates monthly HRC price letter

29 Apr | Steel News

Mexican domestic scrap prices - week 17, 2024

26 Apr | Scrap & Raw Materials

Boston dock delivered P&S scrap prices

26 Apr | Scrap & Raw Materials

US flat market steady as buyers are sidelined on weak economic data

26 Apr | Flats and Slab

Mexican automotive exports decrease 2.4 percent in March

26 Apr | Steel News

Austrian industrial machinery producer expands in Mexico with $62 million

26 Apr | Steel News

US and Canadian rig counts decline week-on-week

26 Apr | Steel News