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AK Steel Holding Management Discusses Q2 2012 Results - Earnings Call Transcript

As we look out to 2013 due to our provision that was included in the recently passed transportation bill, our acquired 2013 minimum contribution will be lower by about $100 million. That is, instead of $300 million, we'll now plan to contribute approximately $200 million.

To be clear, this legislation has no impact on the discount rate utilized to calculate the pension liability on our books or on our intent to fully fund that pension liability. As in the past, our pension liability will continue to be determined by applying the appropriate discount rate at the end of each calendar year. The new legislation is entirely directed towards stabilizing how pension funding is calculated.

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