Benefits and Insurance

 

US Steel  Benefits

• Health Coverage     U. S. Steel employees may choose among several health care options that are available to them and their families. The options include the Company's medical program (with Blue Cross Blue Shield coverage), dental coverage, and other health-related benefits. If available in their geographic area, employees may elect alternative coverage under certain HMO plans.

• Life Insurance     U. S. Steel provides company-paid life insurance coverage on the life of the employee to provide financial protection to the employee's family.

• 401(k) Plan    Employees of U. S. Steel are eligible to participate in a 401(k), which includes provisions for pre-tax contributions, different investment options, loans, withdrawals, transfers, and certain other features.

• Pension     Most newly hired, represented employees are eligible to participate in the Steelworkers Pension Trust (the "SPT"), which is a multi-employer defined benefit pension plan. Under the SPT, the company makes monthly contributions based upon a stated dollar amount multiplied times the employee's covered hours. Certain other employees participate in a defined benefit plan that is based upon the employee's final average pay or a flat dollar monthly pension amount. Newly hired, non-represented employees are eligible to participate in a defined contribution plan under which the company makes monthly contributions based on a percentage of base compensation. The percentage depends upon the age of the participant. Certain other employees participate in a defined benefit plan that is partially based upon the final average pay of the employee.

• Vacations     The length of annual paid vacation is based upon the employee's continuous service with U. S. Steel and varies from one to five weeks.

• Holidays     U. S. Steel observes several paid holidays including New Year's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Day after Thanksgiving Day, and Christmas Day. Although the production facilities may still operate on these days, the corporate offices normally are not open for business.

• Disability     Certain short-term and long-term disability benefits are available to employees.

 

Benefits vary among different employee groups.

Note: Benefit Programs are subject to modification and termination in accordance with plan provisions.