Benefits Changed After USW Ratified its U.S. Steel Contract?
Last Updated on January 26, 2018
Important Information
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If you retired from United States Steel Corp. as a member of the United Steelworkers (USW), a recent contract negotiation may affect your legal rights.
In Sept. 2012, U.S. Steel announced that its USW-represented employees ratified new collective bargaining agreements which affect benefits for both active employees and retirees. It is believed that these new agreements may have negatively affected retirees, raising the cost of a number of healthcare benefits such as deductibles and co-pays.
If you are a current USW retiree who worked at U.S. Steel, you may have a legal claim to recover compensation for any medical benefits which were reduced as a result of the recent contract negotiation.
Details of New Contract
Both current and future retirees should expect “benefit adjustments” under the new agreements effective Jan. 1, 2013, according to reports. A letter sent to retirees and their dependents outlined changes in benefits for both pre-Medicare participants and Medicare-eligible participants.
These changes pertained to the following benefits:
- Co-insurance
- Co-pays
- Out-of-pocket maximums
- Premiums
- Prescription drug benefits
- HMO offerings and premiums
Were Your Health Benefits Changed?
Some attorneys believe that the recent contract negotiations caused an unfair reduction in the healthcare benefits of union retirees. They are currently looking to hear from U.S. Steel retirees to help determine whether legal recourse is available.
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