Spartz Introduces Delphi Retirees Pension Restoration Act

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Published: Friday, 07 March 2025 09:00

Rep. Spartz Introduces Additional Bill for Restoration of Delphi Salaried Retirees’ Pensions

March 7, 2025

Congresswoman Victoria Spartz (IN-05) and 13 of her House colleagues introduced bipartisan legislation to fully restore retirement benefits of the Delphi retirees. – H.R.1895.

"This bill restores retirement benefits for thousands of hard-working Americans wronged by the politics of an auto-industry bailout in 2009 with no fiscal impact to the taxpayers," said Spartz."“This issue has not been resolved for too long, and I appreciate the bipartisan support to finally bring justice for so many people around the country."

Susan Muffley Act 2025 Introduced in the House

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Published: Thursday, 13 February 2025 09:00

Rep. Turner Reintroduces Bill to Restore Delphi Salaried Retirees’ Pensions

February 13, 2025

WASHINGTON, D.C. – Today, Congressman Mike Turner (OH-10) joined representatives Marcy Kaptur (OH-09), Claudia Tenney (NY-24), and Gwen Moore (WI-04) to reintroduce the Susan Muffley Act of 2025 – H.R.1357.

This bipartisan effort is aimed at restoring pensions for over 21,000 Delphi Salaried Retirees, including approximately 5,180 in Ohio. Named in honor of the late wife of a Delphi retiree, the legislation seeks to provide financial relief to those whose pensions were reduced or eliminated following Delphi’s bankruptcy.

“I have remained steadfast in my fight to restore the pensions of Delphi Salaried Retirees,” said Congressman Mike Turner. “While this has been a long time coming, the strong bipartisan support gives us hope that we can finally right this wrong for those who lost their pensions.”

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Continuing to Fight to Restore Our Pensions in 2025

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Published: Tuesday, 24 December 2024 09:00

Our fight to restore the full pensions of all Delphi salaried retirees continues into 2025. Having concluded meetings with our congressional advocates, we believe that the new political landscape in Washington in 2025 affords us the best chance ever of achieving success, although we still have an uphill fight.

Some of our staunch supporters departed from Congress at the end of 2024 — We are most appreciative of the support and efforts of Rep. Dan Kildee (D-MI), Sen. Sherrod Brown (D-OH), and Sen. Mike Braun (R-IN). We almost achieved passage, but they simply couldn’t overcome the circumstances that blocked us. Things appear encouragingly different in 2025. We are encouraged and determined to continue the fight to restore Delphi salaried retirees’ traditionally well-funded pension plan.

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U.S. Government Wrongfully Terminated Delphi Salaried Retirement Plan in 2009

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Published: Tuesday, 10 September 2024 12:30

BACKGROUND:  Delphi Corporation was the largest parts supplier to General Motors (GM) in 2009 when the Obama Administration created an Auto Team to save the U.S. auto industry during the Great Recession.  Leading GM through an unprecedented 40-day bankruptcy, the Auto Team decided that Delphi’s traditionally well-funded salaried pension plan should be terminated while hourly pension plans should be saved. But the Auto Team’s mission clashed with the mission that Congress gave to the PBGC.

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Proof That The Delphi Salaried Pension Plan was Traditionally Well-Funded

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Published: Friday, 13 September 2024 08:30

In June 2009, Watson Wyatt reported its analysis of the Delphi Salaried Pension Plan and summarized that "based on the valuation results that will be shown in the actuarial valuation report to determine funding requirements for the plan for the year beginning October 1, 2008, we have determined the 2008 AFTAP to be 85.62% as developed in the attached exhibit. The 2007 AFTAP was 86.9%."

Watson Wyatt letter June 30, 2009

We Have Been Heard – "Regular Order" on Our Issue Has Been Satisfied – 7 Hearings Already – Now We Need Action to Right This Wrong

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Published: Monday, 12 August 2024 08:30

read more, complete list of hearings