USW Reviewing ATI Pension Annuitization

The USW is reviewing a plan by ATI to annuitize the pensions of more than 4,000 USW retirees.

ATI alerted the union of its plan on Oct. 17, 2023, and announced the annuitization in a press release on the morning of Oct. 18, 2023.

The USW requested more information from ATI regarding the transfer to Athene. So far, the union has received some of that information and is still waiting on some. 

The union is in the process of conducting a full legal review of the annuitization plan. While this review process may take time, we do not want any retirees or surviving spouses to miss a payment of a pension benefit they earned.  

The company has confirmed that all participants will receive monthly payments beginning in January and that no action is required.

Regardless of what happens with the ATI pensions, the USW will stand by retirees and enforce all of our agreements. The union will update retirees when we have more information.

This issue applies solely to ATI retirees and not to any current ATI employees. If you are an ATI retiree with questions, please call Walt Hill at 724-994-7852.

 

Press Inquiries

Media Contacts

Communications Director:
Jess Kamm at 412-562-2446

USW@WORK (USW magazine)
Editor R.J. Hufnagel

For industry specific inquiries,
Call USW Communications at 412-562-2442

Mailing Address

United Steelworkers
Communications Department
60 Blvd. of the Allies
Pittsburgh, PA 15222