Published: Tuesday, 05 March 2013 10:09
Dayton Daily News | Thomas Gnau | 2013-03-05
A trio of events may prove critical in the ongoing fight between Delphi salaried retirees and the government over the retirees’ pensions.
This month, attorneys for the retirees will question officials of the Pension Benefit Guaranty Corp., or PBGC, during depositions under oath. The retirees sued the PBGC in federal court more than three years ago after the agency agreed to take on the retirees’ pensions from a then-bankrupt Delphi in July 2009.
A report from the Office of the Special Inspector General for the Troubled Asset Relief Program (also called SIGTARP) in its own probe into the matter is expected to be released soon.
In February, U.S. Reps. Mike Turner, R-Dayton, and Tim Ryan, D-Niles, announced the creation of a congressional task force to unify several committee and sub-committee investigations into the federal government’s treatment of pensions of more than 20,000 retired Delphi managers and engineers.
Full Dayton Daily News story and video | Delphi Pensions Timeline
Published: Sunday, 04 November 2012 20:45
Lisa Myers | Talesha Reynolds | NBC News | 2012-11-04
Delphi salaried retirees' stories retold by NBC News ~ “We were the group that was just kicked to the curb like yesterday’s trash” ~ two congressional committees and the Special Inspector General for the Troubled Asset Recovery Program (SIGTARP) are investigating the basis and motivation for this decision. ~ “Inside our [retirees] organization we have lots of people that have seen their homes foreclosed,” “They’ve had to declare personal bankruptcy. There’s been some families that have broken up over the stress associated with this. There’s even been a couple suicides.” The DSRA retirees are a politically diverse group – Republicans, Democrats and Independents – but regardless of political stripe, many of them believe the Obama administration betrayed them. ~ “what really happened was that this administration simply wanted to take care of their political base” Read entire article… NBCNews.com | NBCNews Video