Steel Mills
August 20, 2016
USSC Retiree Benefits to Remain Suspended
Written by Sandy Williams
Benefits will not be reinstated to US Steel Canada retirees ruled Justice Herman Wilton-Siegel in Superior Court on Friday. US Steel Canada has been given permission, however, to utilize $1.57 million in cash to pay retention bonuses to key employees.
The judge also directed USSC to follow through on $2.7 million of funding to the province transitional fund that was instituted to help the retirees who have lost benefits. The province has set aside a total of $5.5 million as a temporary fund to help retirees with urgent health needs and prescriptions.
