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| X > SEC Filings for X > Form 8-K on 6-Feb-2009 | All Recent SEC Filings |
6-Feb-2009
Change in Directors or Principal Officers, Other Events, Financial State
Effective February 4, 2009, United States Steel Corporation ended the enrollment period under a voluntary early retirement program (a "VERP") that had been offered to certain of its non-represented employees in the United States. Retirements will be effective February 28, 2009, except that the Corporation may elect to delay certain participants' retirement dates under the program. The principal terms of the VERP include one additional year of service and age to be added to each participant's service and age for benefit accrual and early retirement eligibility purposes under the relevant pension plans, and one year of salary will be paid to each participant. Additionally, the rate used to determine any lump sum calculation will be protected for those participants the Corporation determines will retire after February 28, 2009. A form of the VERP program is filed herewith as Exhibit 99.1.
On February 6, 2009, United States Steel Corporation announced that approximately 500 employees have elected to retire under the VERP described above. A copy of the press release in substantially the form released is filed herewith as Exhibit 99.2.
(d) Exhibits
99.1 A form of the VERP program
99.2 Press release titled "U. S. Steel Announces Results of Successful Voluntary Early Retirement Program"
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