No Taxpayer Funds Are Required.....

No Taxpayer Funds Are Required To Resolve Our Pension Issue - that was the main message when Bruce Gump, DSRA vice-chair, spoke with Stan Boney on WYTV 33 News about the significance of the recent Committee Hearing and the agreement (finally, after 3 years!) of Administration witnesses to testify in our case. Video

Delphi Retirees Are Among the Human Victims of the Auto Bailout

Shikha Dalmia | Reason.com | March 8, 2012
As President Barack Obama ~ touts his auto bailout as a big success ~ When the Obama administration commandeered the bankruptcy process, it ~ left out Delphi’s salaried retirees. ~ some of them lost up to 70 percent of their pensions and all of their life and health insurance.  Read the full article

Winners and Losers in the Auto Bailout - Comments from Subcommittee Hearing

Winners and Losers in the Auto Bailout:  Delphi Salaried Retirees Association Comments on Today’s House Oversight Subcommittee on TARP and Financial Services Hearing

For Immediate Release July 10, 2012

Washington, D.C. - “Pathetic.”  That is how one Congressman described the fact that that it took over a year and the threat of a congressional subpoena to get Ron Bloom, Matthew Feldman and Harry Wilson to agree to answer questions about the role they played in the Delphi pension issues.  These three individuals are former U.S. Treasury officials who oversaw the administration’s restructuring of GM (and with it Delphi).  Read more …..

Collateral damage tarnishes auto bailouts

Daniel Howes, Detroit News, remembers Delphi Salaried Retirees again……….

….. that the federal government used taxpayer dollars to favor one class of people (dues-paying UAW members and retirees) over another (salaried retirees of Delphi Corp.), and that the feds insisted subordinate UAW claims should be accorded higher priority in bankruptcy than secured bondholders……

Thank you Mr. Howes.   Click here for the Detroit News article