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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of United States Steel Corporation Represented Retirees Benefit Trust?
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.
Impact
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.
Thursday, August 15, 2024
The impact of the United States Steel Corporation Represented Retirees Benefit Trust is significant in providing essential life and health insurance benefits for represented retired employees of U. S. Steel. In the 2022 calendar year alone, the Trust disbursed a total of $85,091,043 towards health and life benefits on behalf of retirees. This assistance plays a crucial role in ensuring the well-being and security of retired individuals who dedicated their careers to the United States Steel Corporation and its affiliated entities. Through its mission of supporting retired employees represented by the United Steelworkers of America, the Trust contributes to their financial stability and quality of life during retirement.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1994
Phone
(412) 433-5070
Main Address
600 Grant Street Room 1944, Pittsburgh, PA, 152192800
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of United States Steel Corporation Represented Retirees Benefit Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.