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

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

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.

Congressman Dan Kildee Introduces Bipartisan Legislation to Restore Retirement Benefits for Delphi Salaried Retirees

Congressman Dan Kildee, Chief Deputy Whip of the House Democratic Caucus, today introduced the Susan Muffley Act, new bipartisan legislation to restore retirement benefits to over 20,000 Delphi Salaried Retirees. ~ Congressman Kildee’s legislation—supported by Republicans and Democrats in the U.S. House of Representatives and Senate—would restore the terminated pensions, making these hardworking retirees whole. ...     Full press release   Press conference video   Retirees interviews   House Bill H.R.6929   Senate Bill S.3766