Some Delphi Salaried Retirees Will Receive Payments From Both PBGC and Prudential
- Published: Tuesday, 30 April 2013 14:14
The PBGC has published this undated information believed to have been released today:
Starting June 1, about 6,000 Delphi salaried retirees will see a change in how they receive their retirement benefit. They will continue to receive the same benefit amount.
If you are one of the affected retirees, PBGC sent you a letter on April 30. The letter explains that instead of a single monthly benefit payment, you will now receive two payments each month. ~~ Read full PBGC FAQ
DSRA is taking legal advice regarding the significance and impact of this change but has no further information to provide on this subject at this time. Meanwhile, all questions should be directed to the PBGC via their contact page.