Overview
What is United States Steel Corporation Represented Retirees Benefit Trust?
The United States Steel Corporation Represented Retirees Benefit Trust is an asset trust, headquartered in Pittsburgh, Pennsylvania, established to provide life and health insurance benefits for retired employees who are represented by the United Steelworkers of America. With a significant financial contribution of $85,091,043 in the year 2022, the trust ensures that eligible retirees receive these essential benefits. Established for the retired workforce from the United States Steel Corporation and certain of its divisions and wholly-owned subsidiaries, the trust's mission is to offer continued support and financial security to its beneficiaries.
Is United States Steel Corporation Represented Retirees Benefit Trust legitimate?
United States Steel Corporation Represented Retirees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. United States Steel Corporation Represented Retirees Benefit Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of United States Steel Corporation Represented Retirees Benefit Trust?
The United States Steel Corporation Represented Retirees Benefit Trust is an asset trust established to ensure the payment of life and health insurance benefits for retired employees. This trust caters to represented retirees of the United States Steel Corporation and its divisions and subsidiaries, who are eligible for such benefits and are represented by the United Steelworkers of America. The trust's primary objective is to provide crucial financial support for retirees in the form of life and health benefits, ensuring their continued well-being after their working years. By managing and allocating its resources effectively, the trust aims to maintain a stable financial position to meet its obligations to its beneficiaries.
Who is the CEO of United States Steel Corporation Represented Retirees Benefit Trust?
Unavailable
What is the revenue of United States Steel Corporation Represented Retirees Benefit Trust?
United States Steel Corporation Represented Retirees Benefit Trust's revenue in 2022 was $73,357,672.
Who are the executives of United States Steel Corporation Represented Retirees Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for United States Steel Corporation Represented Retirees Benefit Trust?
United States Steel Corporation Represented Retirees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United States Steel Corporation Represented Retirees Benefit Trust
The United States Steel Corporation Represented Retirees Benefit Trust, commonly referred to as the Trust, is an asset trust established with a specific mission. It provides for the payment of retiree life and retiree health benefits for current and future retirees of the United States Steel Corporation and certain of its divisions and wholly-owned subsidiaries, who are represented by the United Steelworkers of America. In simpler terms, this Trust ensures the financial security of retired employees from the United States Steel Corporation and its related entities, by covering their life and health insurance needs.
The Trust's purpose is twofold. First, it ensures that retirees who are represented by the United Steelworkers of America, and who retired with eligibility for such benefits, receive the health and life insurance coverage they are entitled to. This commitment to these retirees is a testament to the Trust's dedication to maintaining the wellbeing of those who have spent their careers contributing to the success of the United States Steel Corporation.
Second, the Trust acts as a safety net for these retirees, providing them with a sense of security and peace of mind. By managing the funds allocated for these benefits, the Trust guarantees that the insurance coverage will remain in place, protecting retirees from the financial risks and uncertainties that come with aging.
Through its mission, the United States Steel Corporation Represented Retirees Benefit Trust plays a crucial role in the lives of many retirees, offering them the security and stability that comes with access to essential life and health insurance benefits. The Trust's unwavering commitment to its mission, and the retirees it serves, is a testament to its importance and value within the United States Steel Corporation's community of retirees.
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Impact
October, 2024
The United States Steel Corporation Represented Retirees Benefit Trust plays a crucial role in providing financial support to retired employees of U.S. Steel. By facilitating the payment of life and health insurance benefits, the Trust ensures that retirees, who are represented by the United Steelworkers of America, have access to essential healthcare and life coverage after their working years.
In 2022 alone, the Trust distributed an impressive $85,091,043 to cover these vital benefits, directly impacting the well-being and quality of life for many retirees and their families. This support alleviates some of the financial burdens faced by retirees, allowing them to maintain their health and security during retirement.
Established as an asset trust, it is committed to safeguarding the interests of current and future retirees, ensuring that those who dedicated their careers to U.S. Steel can enjoy their retirement without compromising on necessary healthcare and life insurance provisions. By fulfilling its mission in Pittsburgh, PA, the Trust signifies a steadfast commitment to the welfare of its members and the legacy of the workforce it represents.
This information is meant to be a general summary of United States Steel Corporation Represented Retirees Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $73,357,672
- Gross Receipts: $162,991,365
Assets and Liabilities:
- Total Assets: $1,730,354,534
- Total Liabilities: $4,742,874
- Net Assets: $1,725,611,660
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Organization Details
Founding Year
1994
Phone
(412) 433-5070Main Address
600 Grant Street Room 1944, Pittsburgh, PA, 152192800
NTEE Category
Code: Y40 - Mutual benefit
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