Delphi Salaried Retirees Association

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

Details: Last Updated: Wednesday, 15 June 2022 22:11; 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.

Susan Muffley Act — Quick Links

Details: Last Updated: Saturday, 17 December 2022 22:12; Published: Wednesday, 18 May 2022 12:10

The Susan Muffley Act — Quick References

Senate Bill S.3766 — Tracking, Sponsors, Co-sponsors

House Bill H.R.6929 — Tracking, Sponsors, Co-sponsors

Sponsors and Co-sponsors — with Committee Assignments

2–page Reference — Right A Government Wrong from 2009!

Comparison Chart — We Are The Biggest Losers

TAKE ACTION, Send Emails to your Senators and Representatives — Urge support of Delphi Pension Bill in the current Omnibus Spending Bill

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

Details: Last Updated: Wednesday, 09 March 2022 21:48; 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

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

Details: Last Updated: Wednesday, 27 July 2022 18:49; 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.

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