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Pension Plan Restoration

DSRA Members

Co-sponsor the Bipartisan Susan Muffley Act (H.R.6929 / S.3766) To Right a Government Wrong

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Published: Wednesday, 15 June 2022 22:00
Congress has the responsibility to restore the full, earned pension benefits of salaried retirees of the former auto parts maker Delphi Corporation. In 2009, the Government’s Auto Task Force (ATF) directed General Motors through its 45-day bankruptcy. The ATF used $51 Billion of public monies to buy 61% of the common stock of "New GM," or "Government Motors" as pundits called it. It’s understandable that the Government would seek to prevent GM from being liquidated, which would have put the U.S. auto industry in turmoil.
But before investing public money in "New GM," the ATF intruded into the bankruptcy of GM's biggest supplier at the time – Delphi. The ATF put the Government’s financial gain ahead of what's morally right and fair to citizens. The ATF insisted that Delphi must rapidly emerge from its own Chapter 11 before the ATF became "New GM's" principal investor. This added real time pressures to what happened next.

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Susan Muffley Act Would Provide Significant Boost to Economies of Nine States

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Published: Wednesday, 09 March 2022 21:10
Passage of the Susan Muffley Act would provide big boosts to the economies of the nine states where most Delphi Salaried Retirees Live. ~ That's because the legislation calls for earned pension benefits withheld since mid-2009 -- even though our plan was well-funded at the time -- to be paid to retirees in lump sums within six months of passage. We estimate that retirees -- now in their late 60s, 70s, and even early 80s -- would spend 75%, and save the rest. Their spending would create income for others, and so on. Economists call this the "multiplier effect."
The economic boost to Michigan would be $1.4 Billion. Ohio $1.2B. Indiana $955M. Western NY $558M. Florida $191M. Texas $135M. Alabama $119M. Wisconsin $97M. Mississippi $92M. Think of all the state income and sales taxes, and federal income tax that these sums would generate!
There's more good news. The average Delphi salaried retiree would receive an added $390 per month in pension plan benefits -- for the rest of their lives! The economic multiplier is applicable here, too, as well as the added taxes that would be generated.
The data clearly provides a reason for every member of Congress from each of these states to cosponsor this legislation. If you agree and live in one of these nine states, please click on the link below and let your Senator or Representative know.

CLICK HERE TO SEND ECONOMIC IMPACT INFORMATION TO YOUR REPRESENTATIVES

Congressman Dan Kildee Introduces Bipartisan Legislation to Restore Retirement Benefits for Delphi Salaried Retirees

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Published: Thursday, 03 March 2022 23:10
Congressman Dan Kildee, Chief Deputy Whip of the House Democratic Caucus, today introduced the Susan Muffley Act, new bipartisan legislation to restore retirement benefits to over 20,000 Delphi Salaried Retirees. ~ Congressman Kildee’s legislation—supported by Republicans and Democrats in the U.S. House of Representatives and Senate—would restore the terminated pensions, making these hardworking retirees whole. ...     Full press release   Press conference video   Retirees interviews   House Bill H.R.6929   Senate Bill S.3766 

CLICK HERE TO EMAIL YOUR REPRESENTATIVES TO SUPPORT THE SUSAN MUFFLEY ACT

UAW President Writes Congressional Letter Urging Passage of Act to Restore Delphi Pensions

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Published: Wednesday, 09 March 2022 21:10
UAW President Ray Curry Writes Congressional Letter Urging Passage of the Susan Muffley Act to Restore the Pensions of Salaried Delphi Employees. ~ “Congress has an opportunity to restore full pension benefits to over 20,000 salaried Delphi employees. These hard working coworkers of UAW members suffered significant losses to their earned benefits, with some losing as much as 70% of their benefits. We strongly urge Congress to pass this legislation that would pay the difference between the pension benefits earned by Delphi salaried retirees and what they received following the GM bankruptcy in 2009. It is long overdue.” ...     UAW letter of support

Detroit Free Press — Bipartisan proposal in Congress would restore pensions for Delphi's salaried retirees

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Published: Wednesday, 02 March 2022 21:10
     Detroit Free Press | Todd Spangler | March 2, 2022
On Thursday, a group of Republican and Democratic members of Congress will announce legislation that, if passed, would require the U.S. Treasury to fully pay the pensions that more than 20,000 salaried workers saw slashed even as union workers for the Troy-based auto parts supplier had their pensions fully funded amid the Obama administration's rescue of General Motors in 2009 ... Read article ...

Detroit News — Kildee-led bill seeks to restore clipped pensions for salaried Delphi retirees

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Published: Wednesday, 02 March 2022 21:10
     Detroit News | Melissa Nann Burke | March 2, 2022
Bipartisan legislation, led by U.S. Rep. Dan Kildee of Flint Township in the House, would set up a trust fund at the U.S. Department of Treasury that would be used to top off the benefits of the non-union retirees of the former General Motors Corp. parts unit to make them whole. ... Read article ...

Congress is Final Hope for Delphi retirees

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Published: Sunday, 23 January 2022 17:35
     Tribune Chronicle | editorial
Bruce Gump, chair, Delphi Salaried Retirees Association (DSRA), spoke to the Supreme Court declining to hear the retirees' case and said "The Pension Benefit Guaranty Corporation will continue to be allowed to terminate pensions without the workers and retirees who earned them having any opportunity to even object or check the numbers ~ These men and women continue to suffer the results of the unequal and unfair treatment by the PBGC."
In support, U.S. Rep. Tim Ryan, D-Howland, said, "Today’s decision highlights the need for congressional action to restore their pensions and provide them with the retirement benefits that they have always deserved. I will continue to work with my colleagues in both parties to do just that."
U.S. Rep. Bill Johnson, R-Marietta, said, "Congress should come together and put any partisan differences aside and solve this once and for all."
U.S. Rep. Mike Turner, R-Dayton, said, “This decision will not stop me from pursuing legislative remedies and urging the Biden administration to get them the answers and treatment they deserve.”
U.S. Sens. Rob Portman and Sherrod Brown of Ohio also have pledged support to these retirees.

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