Congressman Mike Turner Speaks to the House for Delphi Salaried Retirees; Pushes PBGC Dir Gotbaum

Details
Published Thursday February 02 2012 21:36 EST

Turner Demands Transparency in Delphi Pension Decision

“Your agency neglected that suggested deadline and continues to deprive Congress, Delphi salaried retirees, and the American taxpayer of the answers they deserve.”

Washington D.C. – Today, Congressman Mike Turner (OH-3) took to the House Floor to highlight the continued lack of transparency when it comes to Delphi salaried retirees pensions. ~ Immediately following Turner’s remarks on the House floor, he wrote to Joshua Gotbaum, Director of the PBGC, to express his “disappointment in the failure of your agency and Deputy Director for Operations Vincent Snowbarger to produce responses ~ Turner … will continue the call for answers until the full story is told as to how and why Delphi salaried retiree pensions were cut using taxpayer dollars.

Rep Turner's comments to the House, and video clip | Rep Turner's letter to PBGC Dir Gotbaum

Rep. Michael Turner Continues To Push For Answers For Delphi Salaried Retirees

Details
Published Thursday January 26 2012 12:36 EST

Turner Won’t Accept Silence as an Answer from Snowbarger
“To be clear, your delay is an obstruction to Congressional oversight.”

Mike Turner (OH-3) wrote to Vincent Snowbarger, PBGC, again inquiring on the status of responses to questions for the record submitted to him over two months ago, in November 2011.
Rep. Turner Press Release | Rep. Turner Letter to Mr. Snowbarger, PBGC | 1/27/2012 Tribune Chronicle article

Congresswoman Kathy Hochul (NY) Supports Delphi Salaried Retirees

Details
Published Monday January 09 2012 21:51 EST

Congresswoman Hochul has written to GM CEO Daniel Akerson, and to Treasury Secretary Timothy Geithner in support of restoration of benefits for Delphi Salaried Retirees.
Rep Hochul letter to GM CEO Akerson | Rep Hochul letter to Treasury Sec Geithner

Rep Dan Burton (IN) Expanded Investigation into Delphi Salaried Retirees Pensions

Details
Published Sunday January 08 2012 14:35 EST

~ Expanded the investigation into the Obama Administration’s bailout of General Motors which resulted in thousands of Delphi salaried retirees receiving lower pension benefits compared with their hourly counterparts. ~ Click here for Rep Burton's newsletter

Talkers, doers, winners, losers

Details
Published Friday December 23 2011 15:35 EST

Detroit news | Daniel Howes | 12/23/2011
And, lo, in the closing days of Year One for a Michigan painted red, the call went out to all those not yet gone and making merry: Who are the best (and worst) in Big Mitten business and politics — and beyond? ~

Not Forgotten, Not Gone: To the men and women of the Delphi Salaried Retirees Association and all of the 20,000 Delphi Corp. salaried retirees they represent. Hosed out of roughly two-thirds of their expected pensions, these people won't go away because they possess legitimate grievances their government refuses to address, much less redress. ~ Namely, why can the Treasury use public money to "top-up" union pensions at Delphi and former parent General Motors Co. and administer minor haircuts to GM salaried retirees but can dump their Delphi counterparts on the ministrations of the Pension Benefit Guaranty Corp.? They'll keep asking until they get an answer, and they should. ~

Click here for Daniel Howes' Detroit News article

Rep Mike Turner: GAO Report Does Not Support Administration’s Actions; Could be Misconstrued

Details
Published Thursday December 22 2011 19:57 EST

Letter Follows GAO Report Issued on Administration’s Role in Delphi Pension Decision

Washington, D.C. – 12/21/2011, Congressman Mike Turner, in a letter to Ms. Barbara Bovbjerg, Director of Education, Workforce, & Income Security at the Government Accountability Office (GAO) lodged his reservations on a recently issued report regarding Delphi pensions. The report ~ contains language which may be perceived as affirming the actions taken by the Department of the Treasury, the President’s Auto Task Force (ATF), and the Pension Benefit Guaranty Corporation (PBGC) in terminating the pension benefits of Delphi salaried retirees.  ~ several statements standing alone would appear to indicate that GAO supports the actions of Treasury and the PBGC in reducing the pension benefits of the Delphi salaried retirees.  In addition, the report fails to address outstanding questions as to the valuation of the pension fund, General Motors’ (GM) so-called contractual obligations, and information on PBGC's delays in litigation.” ~~

Rep Turner's press release | Rep Turner's letter to Ms Bovbjerg, GAO

Delphi retirees’ attorneys study gov’t report on cuts

Details
Published Sunday December 18 2011 07:18 EST

Larry Ringler | Tribune Chronicle | 12/17/2011
~ Attorneys for the Delphi salaried retirees group fighting to get their pensions restored are studying a government report issued Thursday ~ "We're having our attorneys look at it," Bruce Gump, vice chairman of the Delphi Salaried Retirees Association, said of the General Accountability Office report. ~ Gump said the report won't impact the retirees' federal lawsuit ~ Click here for the Tribune Chronicle article

GAO urges U.S. Treasury to boost ‘transparency’ in handling of Delphi pensions

Details
Published Saturday December 17 2011 16:53 EST

Thomas Gnau | Dayton Daily News | 12/16/2011
Referring to the GAO report just published:  ~~ The office [GAO] pointed to GM’s support for some union pensions, but not other hourly and salaried retirees. ~~ Click here for the Dayton Daily News article.

Frank Beckmann discussion with Ron Harbour, Auto Analyst

Details
Published Saturday December 17 2011 13:40 EST

Radio interview including Ron Harbour's perspective on the auto bailouts and choices made during the process of emergence from bankruptcy.  Click here for the WJR audio extract (9:20 min)

Feds brush off issue of Delphi retirees' plight

Details
Published Friday December 16 2011 14:32 EST

Detroit News 12/16/2011
~~ Delphi's roughly 20,000 retirees, most of whom can claim many years of service at GM? Hosed by decision-makers who continue to evade accountability for their decisions ~~ Click here for the Detroit News article by Daniel Howes.