Fed study boosts pension fight of Delphi's salaried retirees
- Published: Tuesday, 27 August 2013 13:14
Detroit News | Daniel Howes | 2013-08-27
Vindication may be drawing closer for the former Delphi Corp.’s dogged salaried retirees.
Next week, the Treasury Department is to begin releasing documents detailing how President Barack Obama’s task force worked with the Pension Benefit Guaranty Corp. to seize the auto supplier’s salaried pension fund and reduce payouts by as much as 70 percent for roughly 22,000 retirees — even as union employees saw their pensions “topped up” by a then-bankrupt General Motors Corp. ~~