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

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.