Smith Steel Workers
Smith Steel Workers, based in Milwaukee, WI, is a company that recently underwent a significant change in its pension plan. As of March 1, 2023, the company terminated its previous plan and purchased an annuity contract with Massachusetts Mutual Life Insurance Company (MassMutual). This transition does not affect the value of employees' pension benefits, and monthly payments will continue uninterrupted in the same amount and form of payment as before.
In addition to the pension plan change, Smith Steel Workers also provides group life insurance through The Guardian Life Insurance Company of America. Employees have the option to update or change their beneficiaries by contacting The Guardian. For further assistance or information, individuals can reach out to the company's Employee Benefits department.
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