100 employees reported this benefit
Pension plan is great most companies don’t even have pension any more it’s a blessing for a company to still show appreciation to their employees
4.75% but increases as your age increase. I believe it tops out at 8.5%
Set it up correctly when retiring and read the agreement with clear understanding.
They have a 401k matching plan.
Monthly retirement plan is offered.
US Steel has an okay retirement plan in shape of a 401k. They used to have a company owned Retirement Plan, but this went away in 2004. Only pre-2004 workers are on this plan.
They offer a 30 year pension if you want to work there that long. There is a 401k but they do not match anything or contribute at all.
New employees can only qualify for the Steel Workers pension Trust. It is funded by the company. Basically pays a retirement of $100 per year of service each month after an employee has reached a milestone. Vesting of 5 years.after certain milestones are reached, i.e. 65 years of age.
has changed in the last 2 years
Ability at the time I retired to have a lump sum distribution or a funded pension.