Posted on 07/21/2014 3:03:07 PM PDT by TurboZamboni
The pensions of retired salaried workers at Delphi have been in limbo since they were assumed by the Pension Benefit Guarantee Corporation. This week, U.S. Sen. Sherrod Brown, D-Ohio, and three more Democratic lawmakers from Ohio sent a letter to Labor Secretary Thomas Perez, urging him to intervene on behalf of Delphi retirees. “The 20,000 members of the salaried plan have been waiting for almost five years for a final benefit determination from the PBGC. Recent comments from the PBGC have suggested that the agency has yet to take basic initial steps towards making such a determination,” wrote the Ohio lawmakers. In 2009, Delphi was spun-off from General Motors prior to the auto giant filing for bankruptcy. As a condition of the government’s bailout, GM made Delphi’s union employees’ pensions whole.
(Excerpt) Read more at benefitspro.com ...
Thanks, Barack!
You can keep your pension.
Only ‘if you like it’.
(and you vote the right way and NSA finds no donations to FR)
Lol. Of course.
Wonder if donations to the FR are tax deductible? :)
PBGC is incompetent. The place is full of Peter Principle graduates.
Of course they are... ...aren't they?????
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