Bipartisan Senate Request to Treasury Secretary Lew

Stabenow (D-MI)
Brown (D-OH)
Schumer (D-NY)
 
Portman (R-OH)
Gillibrand (D-NY)
Lew-Treasury
 

Senators Debbie Stabenow, Sherrod Brown, Chuck Schumer, Rob Portman, and Kirsten Gillibrand have supported Delphi salaried retirees with a letter to recently appointed Treasury Secretary Jack Lew again requesting a response to a proposal for resolution of the retirees' illegal pension cuts.  The Administration has now had the proposal under consideration for over 8 months.  Bipartisan letter to Secretary Lew

Sen. Brown, Sen. Stabenow Push PBGC for Benefit Determinations

Sen. Brown
Sen. Stabenow
 

Senator Sherrod Brown (OH) and Senator Debbie Stabenow (MI) have again supported Delphi Salaried Retirees with a letter to Mr. Josh Gotbaum, Director, PBGC, asking for an update on timing and completion of benefit determinations for the pensions that were assumed by the PBGC over 3½ years ago.  Sen Brown, Sen Stabenow letter

Bipartisan Push for PBGC Benefit Determinations

Turner (R-OH)
Ryan (D-OH)
Joyce (R-OH)
Stivers (R-OH)
 
Jordan (R-OH)
Higgins (D-NY)
Johnson (R-OH)
Bachus (R-AL)
 

Today a bipartisan request was submitted supporting Delphi Salaried Retirees with a letter to Mr. Josh Gotbaum, Director, PBGC, asking for an update on timing and completion of benefit determinations for the pensions that were assumed by the PBGC in 2009.  The PBGC has declined to provide this information since they assumed the Delphi salaried pensions over 3½ years ago.

Today's request was submitted by Congressmen Mike Turner, Tim Ryan, David Joyce, Steve Stivers, Jim Jordan, Brian Higgins, Bill Johnson, and Spencer Bachus.

Bipartisan letter to Mr. Gotbaum, PBGC

Turner Derides Tax Dollars for Auto Executive Salaries as Delphi Retirees Left in the Cold

Administration has Failed to Reveal how it Picked Winners and Losers amongst Americans

Congressman Mike Turner, a senior member of the House Oversight and Government Reform Committee (OGR), submitted the following statement [today] for the record as the OGR Subcommittee on Economic Growth, Job Creation & Regulatory Affairs began its hearing on “Bailout Rewards: The Treasury Department’s Continued Approval of Excessive Pay for Executives at Taxpayer-Funded Companies.”

~ the Treasury Department approving salaries in excess of $500,000 for forty-eight of the sixty-nine executives whose compensation was subject to the Administration’s approval in 2012. And on the other hand, we have tens of thousands of retirees being denied both the pensions they earned, and access to the information and documents the Administration used in making this decision. ~ The gross inequity imposed on Delphi Salaried Retirees is, by itself, unacceptable. ~

Read more... Rep. Turner's Statement for the Record