LTV Steel Co. v. United States

OPINION & ORDER

HODGES, Judge.

INTRODUCTION

Plaintiff LTV Steel Company, Inc. seeks to recover over $25 million in employee and employer Federal Insurance Contribution Act (FICA) and Federal Unemployment Tax Act (FUTA) taxes on certain pension payments made to its retirees for the tax years 1987 through 1993. The payments were made as partial replacement of pension payments lost when tax-qualified pension plans were terminated by the Pension Benefit Guaranty Corporation. We grant plaintiffs motion for summary judgment.

BACKGROUND

This dispute arises from the Pension Benefit Guaranty Corporation’s…