A coalition of Democrats has asked Department of Labor Secretary Thomas Perez to expedite a ruling on the pensions of Delphi salaried retirees.
During the 2008-2009 auto bailout, some 20,000 salaried Delphi retirees, including 5,000 Ohioans, saw their pensions cut by up to 70 percent as part of the aftermath of the GM bankruptcy, even as GM agreed to restore, or “top up,” the pensions of Delphi’s union retirees. The salaried retirees have spent the last five years fighting in court to have their pensions restored, arguing the decision was little more than a political one.
But while the retirees await court decisions in their fight, Sen. Sherrod Brown, D-Ohio, Reps. Marcia Fudge, D-Cleveland, Marcy Kaptur, D-Toledo and Tim Ryan, D-Niles, asked Perez Tuesday to ensure the Pension Benefit Guaranty Corporation makes a determination on their benefits as soon as possible. Also signing on were Sens. Bob Casey, D-Pa., Chuck Schumer, D-N.Y., and Debbie Stabenow, D-Mich.
To read the full article, click the link below.Ohio Dems ask Labor Department to expedite ruling on Delphi retirees »