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Last Updated: Saturday, 18 January 2014 06:23
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Published: Saturday, 11 January 2014 13:06
Sen. Portman
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In his weekly column on January 10, 2014, Senator Rob Portman (OH) again highlights the ongoing issues facing Delphi salaried retirees facing both pension reductions and the increased cost of health care insurance with the loss of HCTC.
– Senator Portman's Weekly Column –
Across the country, Americans are celebrating the promise of a new year. But for 20,000 families of Delphi salaried retirees that lost their pensions in 2009 because of the actions of the Obama Administration, their new year is starting out under a cloud.
In the summer of 2009, as the government took GM into bankruptcy, the Obama Administration terminated thousands of Delphi salaried retirees and their pensions. These 20,000 salaried retirees, ranging from shop-floor supervisors and salespeople to engineers and office managers, spent many years at Delphi, a major employer and economic engine in towns across Ohio from the Mahoning Valley to the Miami Valley. They earned their pensions the American way, through hard work and dedication. Because of one political decision, all that hard work vanished into thin air.
Now many of these families are struggling to make ends meet. Like so many Americans who continue to face challenges in this difficult economy, they have very little margin in their budgets for unexpected expenses. Many Delphi retirees and their families depend on the Health Coverage Tax Credit (HCTC) to secure affordable health insurance. The HCTC was designed to help people who have experienced job loss and who, like former Delphi employees, have had their defined benefit pension plans taken over by the Pension Benefit Guaranty Corporation (PBGC). Often the HCTC serves as an important bridge for older Americans until they become eligible for Medicare benefits, covering 72.5 percent of their costs. But on January 1, 2014, that tax credit expired.
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Last Updated: Tuesday, 18 February 2014 17:47
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Published: Tuesday, 01 October 2013 19:24
Turner (OH)
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Ryan (OH)
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Cochran (MS)
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Brown (OH)
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Wicker (MS)
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Portman (OH)
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Joyce (OH)
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Brooks (IN)
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Tiberi (OH)
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Harper (MS)
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O'Rourke (TX)
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Kildee (MI)
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Chabot (OH)
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Stivers (OH)
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Johnson (OH)
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Kelly (PA)
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Bentivolio (MI)
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Collins (NY)
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Messer (IN)
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A joint letter was sent September 30 to President Obama from 19 bipartisan senators and house representatives asking the President for his personal review of the Delphi salaried retirees' pension decisions in the light of the recent congressional hearings and new information that has been exposed.
The letter was signed by Rep. Mike Turner (OH), Rep. Tim Ryan (OH), Sen. Thad Cochran (MS), Sen. Sherrod Brown (OH), Sen. Roger Wicker (MS), Sen. Rob Portman (OH), Rep. David Joyce (OH), Rep. Susan Brooks (IN), Rep. Pat Tiberi (OH), Rep. Gregg Harper (MS), Rep. Beto O'Rourke (TX), Rep. Dan Kildee (MI), Rep. Steve Chabot (OH), Rep. Steve Stivers (OH), Rep. Bill Johnson (OH), Rep. Mike Kelly (PA), Rep. Kerry Bentivolio (MI), Rep. Chris Collins (NY), and Rep. Luke Messer (IN).
We appreciate this incredible show of bicameral, bipartisan support - our thanks to all those who came together to support Delphi salaried retirees!
We look forward to the President's response and solution!