The Steelworkers Pension Trust
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Our History
 
  The Steelworkers Pension Trust was created in1953 by the Upholsterers' International Union (UIU). In 1985 when the UIU merged with the United Steelworkers , the USW became the sponsoring union.

Headquartered in Trevose, Pennsylvania, the Trust is staffed by (32) full time employees. The clerical employees are represented by the Office Professional Employees International Union (OPEIU).

Solely funded by employer contributions negotiated by the union with a minimum of $.20 C/P/H or 2% of gross earnings, the Trust has approximately 56,297 participants, 537 Participating employers, and $2.4 billion  in assets.

The Trust is generally a future service plan with the amount of benefits a retiree receives dependent  directly upon the age of the retiree at the time of retirement and the total contributions paid into the Trust by the employer(s) on the service of that retiree while an employee.

The Trust provides on-site assistance at no cost to the union.

REMINDER FOR ACTIVE PARTICIPANTS ONLY

If you die and were actively employed by a participating employer and had been covered under the SPT for at least 5 years, your spouse, if living, will be paid any death benefit for which you are eligible.  If, however, at the time of your death you are unmarried or your spouse is deceased, your death benefit will be paid to any beneficiary you designate.  If you fail to designate a beneficiary, your death benefit will be paid to the closest living relative in order of : children, grandchildren, parents.

IF YOU ARE UNMARRIED AND NOT SURVIVED BY ANY CHILDREN, GRANDCHILDREN OR PARENTS, NO DEATH BENEFIT WILL BE PAID UNLESS YOU DESIGNATE A BENEFICIARY.  DEATH BENEFIT BENEFICIARY DESIGNATION forms can be found on this website or by calling the SPT.  DON'T DELAY completing this form.

 

 
    
    

  
    
   
 

 

   
Our Biographies  
 
Contact Us
About the Fund
About the Fund
Letter from the Chairman
Administration of the Trust
Professional Services used by the Trust
Professional Services used by the Trust
Library of literature about the Trust
Membership Area
Get necessary forms  
Frequently Asked Questions
Frequently Asked Questions
News-Benefit Updates-New Members
What's New
Monthly Status Update
Benefit Updates
Newly Participating Employers