HANNIBAL, Ohio -- Former employees of a shuttered Monroe County aluminum smelter are learning if they're eligible for pension benefits, and how to receive them.
Representatives from the Ohio Department of Jobs and Family Services and union leaders met with one-time Ormet employees on Tuesday night to discuss pension benefits. ODJFS says that employees with at least 30 years of service will be eligible to receive their pensions without having to sever ties with the company. Union officials said that this will ease the process for many its hard-working members.
The Ormet Corporation's Hannibal plant will close at the end of July. The company announced in October it would close its plant along the Ohio River and lay off more than 1,000 workers after state utility regulators rejected portions of its proposed deal for reducing electricity costs.
Ormet said the decision by the Public Utilities Commission of Ohio made it impossible for the company to escape bankruptcy.