all beneficiaries of the AK Steel Corporation Noncontributory Pension Plan entitled to a Surviving Spouse Benefit under the Plan, whose benefit has been reduced due to the surviving spouse’s eligibility for Social Security benefits or other public benefits earned in his or her own right, and their heirs and assigns entitled to recover benefits which should have been paid during the lifetime of the beneficiary.
To be included in this class, you must also have been widowed before January 30, 2009.
The parties have proposed a settlement, which will have to be approved by the Court to become final.
If the proposed settlement is approved, $1.7 million will be divided among Class Members who do not opt out (the “Participating Class Members”) once all Settlement conditions are met and the Court has granted final approval of the Settlement Agreement.
Fairness Hearing – The Court held the Fairness Hearing as scheduled on November 20, 2013. No objectors appeared, and the settlement was approved.
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