Make all Delphi retirees equal

Youngstown Vindicator | vindy.com
It is not too late to right a wrong that was set in motion nearly three years ago, one that was inherited in part by former Youngstown Mayor Jay Williams when he took the job of Executive Director of Recovery for Auto Communities and Workers ~ Click here for the full article

Romney: Delphi Salaried Benefits Slashed

Thanks to Gov. Romney for his support for us in this op-ed in today's Detroit News.

Gov. Romney's remarks include:  "The pensions of union workers and retirees at Delphi, GM's parts supplier, were left untouched, while some 21,000 non-union salaried employees saw their pensions slashed and lost their life and health insurance. And so on and so forth across the industry."

Click here for the full Detroit News article

DSRA representatives meet with Dept. of Labor

DSRA vice-chair Bruce Gump, and DSRA Legislative Committee vice-chair Mary Ann Hudzik met with Jay Williams, executive director of the Office of Recovery for Auto Communities and Workers, Department of Labor, today in Youngstown, Ohio.  BusinessDaily.com audio (time mark 00:46-2:13) | Joint statement by Sen. Sherrod Brown & Rep. Tim Ryan | TribToday.com report | WYTV OH article.

Delphi retirees continue fight for pensions

Daniel Human, Tribune business writer | The Kokomo Tribune | February 8, 2012
A group of then-Delphi Corp. retirees saw a long road ahead of them when they banded in 2009 to keep hold of their full pensions and benefits. ~ salaried Delphi employees lost between 30 percent and 70 percent of their pensions as a result, as well as their insurance.  ~ [Paul] Dobosz, a Noblesville [IN] resident who now runs a consulting business, received a letter in February 2009 telling him he would lose his insurance benefits. He and other Delphi retirees from Indiana [and] throughout the U.S. formed the DSRA that year and filed a federal lawsuit to reclaim the pensions. ~ “~We earned our pensions, and we’re fighting for it” said DSRA Chairman Den Black.  Click here for the entire Kokomo Tribune article

Talkers, doers, winners, losers

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

Delphi retirees’ attorneys study gov’t report on cuts

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

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

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

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.

Ex-auto czar Rattner says U.S. taxpayers to lose $14 billion on GM, Chrysler rescues

Detroit Free Press 12/16/2011
~~ Salaried retirees from Delphi, GM's largest supplier, had their pension plan terminated with benefit cuts for some retirees of up to 70% ~~ the Delphi salaried retirees did get the short end of the stick ~~ Click here for the Detroit Free Press article.

Contractor’s Work Faulted at U.S. Pension Guarantor - PBGC

By MARY WILLIAMS WALSH, NY Times, Published: December 1, 2011
~~ A long-awaited report by the inspector general of the Pension Benefit Guaranty Corporation reveals that even after problems at the company were identified, the pension insurer failed to replace it with another vendor. Instead, it expanded the company’s duties. ~~ [The contractor] made errors of math and logic that could affect the value of pensions being paid to tens of thousands of people. ~~  Click here for the full NY Times article.