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Administration June 4, 2003
Senate Bill Tackling Steel Health Costs Introduced
April 18, 2002 (PLANSPONSOR.com)-Senator Jay
Rockefeller (D-West Virginia) has introduced a new bill to
aid the embattled Steel industry.
Reported by Nicole Halsey
The Steel Industry Consolidation and Retiree Benefits Protection Act of 2002 (S-2189) calls for a program to cover the legacy costs of health care and death benefits for the retirees of steel, iron ore and coke companies.
The bill’s major provisions include:
- The creation of a health care program that would
cover retirees and eligible spouses and surviving
spouses. Steelworkers retirees would pay monthly premiums
and medical care would be delivered through preferred
providers.
- The establishment of a $5,000 death benefit to the designated beneficiary of each enrolled retiree.
Representative Phil English (D-Pennsylvania), the
chairman of the steel caucus is drafting a companion bill.