US Steel Signs Group Annuity Contracts for United States Steel Corporation Plan for Employee Pension Benefits Revision of 2003
Posted on 11/15/2021
United States Steel Corporation signed a deal to purchase group annuity contracts from Banner Life Insurance Co. and William Penn Life Insurance Co. of New York to transfer a total of about US$ 284 million in U.S. pension liabilities. The agreement will will transfer the benefit-paying responsibilities for about 17,800 U.S. retirees and beneficiaries in […]
