U.S. Steel to freeze DB plan, move to DC plan
United States Steel Corp., Pittsburgh, will freeze benefit accruals in its main defined benefit pension plan and two other supplemental plans, effective Dec. 31, said an 8-K filing Friday. Participants will be transitioned to a defined contribution plan. DB assets totaled $6.4 billion as of Dec. 31, 2014, and according to the most recent 5500 filing, there were more than 73,000 participants in the main DB plan. DC assets totaled approximately $2.1 billion as of Dec. 31. A spokeswoman [...]