AK Steel Faces ERISA Action Over Retiree Health Plans

Law360, San Diego (December 15, 2011, 6:24 PM EST) -- A group of AK Steel Corp. retirees and their families lodged a proposed class action on Thursday in Ohio federal court alleging the company violated labor agreements and the Employee Retirement Income Security Act by cutting their health care benefits.

The retirees, who worked at the company’s Zanesville, Ohio, plant, accuse AK Steel of breaching its obligations under its medical benefit plan by ending the no-cost medical coverage enjoyed by most retirees, claiming the plan documents barred the company from eliminating the no-cost coverage and that...
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