AK Steel Corp., West Chester, Ohio, contributed $110 million to its pension funds and $65 million to a VEBA during the first half of 2010, according to a second-quarter earnings statement released Tuesday.
AK Steel spokesman Alan McCoy said in a telephone interview $75 million was contributed to the pension funds in the first quarter and $35 million was contributed in the second quarter.
“Based on the pension relief legislation that was signed in June, we now expect our funding requirements for 2011 and 2012 will be about $180 million per year, or about $95 million less than we had previously anticipated,” Mr. McCoy said.
The plans were valued at $2.37 billion as of Dec. 31, the most recent numbers available.
