US STEEL 

US Steel's Hamilton contract extended to 2017 The Globe and Mail - ‎ ‎ Wages, benefits, pensions and working conditions will not change for the next 30 months at the U.S. Steel Canada Inc. operations in Hamilton, Ont. under a tentative contract deal reached between the company and its unionized workers. United States Steel Corporation (NYSE:X): Tentative  Agreement  USMarketsDaily (blog) United States Steel Corporation (NYSE:X)'s Canadian subsidiary is restructuring its operations and its proposed financial plan was recently granted by the Ontario Superior Court. Justice Herman Wilton-Siegel approved the $185 million worth Debtor-in-Possession loan ... The insolvency lawyer, Robert Chadwick, expressed that United States Steel Corporation (NYSE:X) is obligated to pay its pensions outside of the loan. He added that the loan ensures only interim funding and the company still needs to work

Ontario facing bailout over pensions at US Steel Canada

Mr Michael McQuade CEO of US Steel Canada Inc warned in a court filing that the Ontario government faces a potential bill of CAD 400 million to bailout US Steel Canada Inc pensioners if the steel maker’s pension plans are not restructured.

An affidavit submitted by Mr McQuade as part of US Steel Canada’s filing for protection under the Companies’ Creditors Arrangement Act outlines what is likely to be one of the critical issues in restructuring talks between the company, the Ontario government, the United Steelworkers union and other groups such as salaried employees and salaried retirees.
Mr McQuade said that “Given the financial condition of the applicant and current funding status of the main pension plans, there is no reasonable prospect that it will be entitled to this discount on the maturity of the loan.”