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Steelworkers Pension Fund Gets $96M Over Renco Unit's Sale

By Matthew Santoni (September 30, 2019, 10:31 PM EDT) -- Renco Group Inc. owed the Steelworkers Pension Trust a total of $96.5 million in pension liabilities, interest, penalties and attorney fees after an arbitrator found that a transaction to temporarily bail out three steel mills was structured so the company could duck its pension withdrawal liabilities, a Pennsylvania federal judge said in a pair of rulings on related cases Monday....

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