The Treasury Department opted not to restore the pensions of salaried Delphi retirees during General Motors’ 2009 bankruptcy process because they had “no leverage” to delay GM’s bankruptcy while union retirees did, a government investigator concluded Thursday.
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Staying with the story
The Dayton Daily News has followed the Delphi pension story since 2009, when the company relinquished retiree pensions to the Pension Benefit Guaranty Corp. We will continue to track this important story.
VIDEO: Rep. Mike Turner, R-Dayton, says a new report on the Delphi pension issue is “absolute confirmation” that the Obama administration was involved in the decision to deny salaried retirees their pensions. For more, go to MyDaytonDailyNews.com.