Penelope
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The Delphi Salaried Retirees Association has been locked in a legal battle for the past 11 years after the salaried Delphi employees had their pensions reduced by the PBGC
Thursday, October 22nd 2020, 4:41 PM EDT by Robert McFerren
Updated:
Thursday, October 22nd 2020, 4:44 PM EDT
Delphi, formerly Packard Electric, was part of General Motors’ parts division, which was spun-off as a stand alone business from GM in 1999 and ended up filing for bankruptcy in 2005.
When Delphi filed for bankruptcy protection, the pension for the employees was turned over to the government-run Pension Benefit Guaranty Corporation, which took on the the pensions of as of Aug. 10, 2009.
Since that time, nearly 22,000 salaried retirees from Delphi, including nearly 1,500 locally, have been locked in a legal battle for the past 11 years after the salaried Delphi employees had their pensions reduced by the PBGC after Delphi said it could no longer afford to pay the employees pensions.
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anything to get votes, and I bet it doesn't happen.
Thursday, October 22nd 2020, 4:41 PM EDT by Robert McFerren
Updated:
Thursday, October 22nd 2020, 4:44 PM EDT
Delphi, formerly Packard Electric, was part of General Motors’ parts division, which was spun-off as a stand alone business from GM in 1999 and ended up filing for bankruptcy in 2005.
When Delphi filed for bankruptcy protection, the pension for the employees was turned over to the government-run Pension Benefit Guaranty Corporation, which took on the the pensions of as of Aug. 10, 2009.
Since that time, nearly 22,000 salaried retirees from Delphi, including nearly 1,500 locally, have been locked in a legal battle for the past 11 years after the salaried Delphi employees had their pensions reduced by the PBGC after Delphi said it could no longer afford to pay the employees pensions.
President orders cabinet to look Delphi salaried retiree pension plight
The Delphi Salaried Retirees Association has been locked in a legal battle for the past 11 years after the salaried Delphi employees had their pensions reduced by the PBGC
www.wfmj.com
anything to get votes, and I bet it doesn't happen.