US - AK Steel will top up the company pension fund with a US$75m payment during the first quarter of 2010.
Authorised by the board of directors, the Ohio-based firm said the contribution will meet a "significant portion" of its 2010 funding requirements.
The early payment will bring AK Steel's total pension contributions since 2005 to more than $1.1 billion.
In December last year, Global Pensions reported that 900 AK Steel retirees won the right to receive US$51m in compensation from the steelmaker for having been paid less than the full accrued benefit due to them under the company's pension plan. (Global Pensions; December 1, 2009)
The ruling brought to an end a case that was first filed in 2001.
It claimed the firm had miscalculated the amount of pension money to be received by the retirees who chose lump-sum payments between 1995 and 2005.
Earlier in the week, AK Steel reported it had made an annual loss of $74.6m for 2009, compared to a net profit of $4m in 2008. The company blamed lower steel prices for the losses, which erased any potential benefit of increased demand.
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