Main

Pension Plan Restoration

DSRA Members

Others Support Restoration of Delphi Salaried Pension Plan

Details
Published: Saturday, 29 January 2022 12:10
Significant understanding of the case for restoration of our pensions was shown in the submission of three Amicus Briefs to support the Delphi salaried retirees' petition to the U.S. Supreme Court:
Amicus Brief – Congressman Mike Turner (OH), and 16 co-signing Representatives
Amicus Brief – NRLN, National Retiree Legislative Network
Amicus Brief – Attorneys General of Michigan and Six Other States

Delphi Pension Scandal: A Story That Should Be Bigger

Details
Published: Friday, 24 August 2012 10:25

Stephen Kruiser | FreedomWorks | August 23, 2012

Perhaps the most insidious case of cronyism occured as part of the auto industry bailout at the Delphi automotive parts manufacturing company. Twenty thousand non-union workers had their pension plans terminated while those of Delphi's union employees were preserved.  ~ There is evidence, however, that Treasury Secretary Timothy Geithner was pulling the strings that made the PBGC dance. That evidence, along with the overwhelming egregiousness of termination of the pensions, has led to a bipartisan (Isn't that what we all want?!?) inquiry into exactly what went on during the decision making process for Delphi workers.  FreedomWorks article

Winners and Losers in the Auto Bailout - Comments from Subcommittee Hearing

Details
Published: Tuesday, 10 July 2012 18:20

Winners and Losers in the Auto Bailout:  Delphi Salaried Retirees Association Comments on Today’s House Oversight Subcommittee on TARP and Financial Services Hearing

For Immediate Release July 10, 2012

Washington, D.C. - “Pathetic.”  That is how one Congressman described the fact that that it took over a year and the threat of a congressional subpoena to get Ron Bloom, Matthew Feldman and Harry Wilson to agree to answer questions about the role they played in the Delphi pension issues.  These three individuals are former U.S. Treasury officials who oversaw the administration’s restructuring of GM (and with it Delphi).  Read more …..

Additional information