Steelworkers get more info on contract
September 02, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
BY KEITH BENMAN | Source: NWI Times
One of the fliers was posted Monday evening on the USW Local 1010 Web site and shows the USW won pension credit for members who missed years of work from 1985 to 1999 due to layoff.
Special attention was paid to retirement benefits in the negotiations, not only for ArcelorMittal employees, but also for those of long-gone steel companies such as Acme, Bethlehem and LTV.
A health care-benefit trust fund for those employees will get company contributions of $25 million every three months for the life of the contract. Thousands of employees and retirees of those companies lost pensions and health care in bankruptcies.
