US - A group of AK Steel retirees will receive over US$51m as a compensation for having been paid less than the full accrued benefit due to them under the AK Steel Pension Plan.
In March, the firm was ordered by judge Sandra Beckwith of the US District Court of the Southern District of Ohio to pay the sum into an interest bearing account. Court documents stated the paym...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date