Former Union Employees of Kaiser Aluminum Will Get Payments - 10/08/07
7th October 2007
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Loading ...By Doug Cunningham
The United Steel Workers says almost 9,000 retirees, spouses and surviving spouses will get lump sum payments of up to $600 this year from a health benefits trust fund. The fund was established for former employees of Kaiser Aluminum when Kaiser went bankrupt. The benefit is about equal to $50 monthly Medicare Part B premiums. The trust fund was set up in 2004 to restore prescription drug coverage for Medicare-eligible retirees. The retirees were represented by the USW, the UAW, United Food and Commercial Workers and the International Association of Machinists.