Our Mission: To be a unifying force representing the needs of current and future Delphi Salaried Retirees and their families by: being a reliable source of pertinent information; communicating and promoting issues that are relevant to the Well Being of its members; and supporting the development of local groups focused on personal involvement in national and local issues.

4-4-09: PBGC Contacts and Payment Information

Details

Updated Tuesday May 24 2011 20:00 EDT

Published Saturday April 04 2009 11:23 EDT

The PBGC responded to direct questions regarding what payment would a retiree receive.  Here are their responses: 

After September 16, 2006, the maximum guarantee is fixed as of the date the sponsor entered bankruptcy. In the [Delphi Salaried Retiree] case, the maximum guarantee would be fixed as of the plan's termination date since bankruptcy was before 9-16-06. [The termination has not yet occurred as of the date of this posting.]

When PBGC takes over a plan, we continue paying retirees until we have an opportunity to review their benefit.  The payment would revert to the maximum amount we can pay. A participant can wait as long as they choose to collect their benefit payment.

If you need further assistance, please do not hesitate to contact us using one of these methods:

• By telephone - (800) 400-7242 (toll-free) between 8AM and 7PM Eastern time - Monday through Friday. TTY/TDD users - call the federal relay service toll-free at (800) 877-8339 and ask to be connected to (800) 400-7242.
• By e-mail - mypension@pbgc. gov
• By writing to us - PBGC. P.O. Box 151750 , Alexandria , VA 22315-1750

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