Delphi

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The factory where the Wright Brothers built their original plane will produce another airplane soon - a new replica of the Wright-B Flyer is scheduled to take flight in 2016.

The announcement came from Jay Jabour—president of Wright “B” Flyer, Inc. standing just outside the Wright Company factory in Dayton.

Jabour told the attending press, “The opportunity to build a look-a-like of the 1911 airplane in the original 1911 factory is really exciting.”

WYSO

Ohio’s congressional delegation is calling on Congress to reinstate a tax credit for health care they say helped former auto workers. The Health Coverage Tax Credit, which expired in January, covered a large part of health premiums for people who’ve lost their jobs or seen changes in their retirement benefits—

Many former employees of the Delphi auto plant depended on the credit. It was another blow for thousands of Delphi retirees, including about 2 thousand in Dayton, who saw their pensions drastically reduced after Delphi’s 2009 bankruptcy. 

WYSO

Lawmakers on Capital Hill Wednesday heard testimony surrounding the Treasury Department’s role in the loss of pensions for Delphi salaried employees, shedding new light on how the decisions were made.

The hearing surrounded a report by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP)*. It finds that General Motors was pressured by union contracts and time restraints to restore the pensions of union employees, while non-salaried employees lost 30 to 70 percent of their pensions.

A federal judge has ruled in favor of Delphi retirees and their motion to compel the Pension Benefit Guaranty Corporation (PBGC) to release documents surrounding their decision to cut pensions for some retired auto workers.  PBGC gained control over those pensions in 2009 when GM filed for bankruptcy protection.

As a result of the filing, pension payments for non-union Delphi workers were cut 30 to 70 percent, while the pensions of retirees represented by the United Auto Workers and other unions were not.

A government inspector general says President Barack Obama's administration played a key role in the General Motors bankruptcy in 2009 as pensions were cut for salaried Delphi Corp. retirees but not unionized workers and retirees of the supplier.

The report issued Thursday stopped short of saying the administration's role was right or wrong. It made no recommendations.

About 20,000 Delphi salaried retirees - nearly half in Ohio - saw their pensions cut by as much as 70 percent during GM's bankruptcy.

A congressional committee is pushing for Treasury Secretary Jacob Lew to release documents related to the pensions of Delphi retirees, and they’re setting a deadline for action.

The head of a congressional panel has visited southwest Ohio for a hearing packed by salaried retirees of a bankrupt auto-parts supplier who are suing to have their full pensions restored.

The Dayton Daily News reports Republican Rep. John Mica of Florida vowed Monday to subpoena more people about why pensions of Delphi salaried retirees were cut while those of other auto industry retirees were not. Mica leads the Subcommittee on Government Operations for the House Oversight Committee.

Representatives of the U.S. Treasury Department say they'll meet with retirees of a bankrupt auto-parts supplier suing to have their full pensions restored.

The Columbus Dispatch reports that Alistair Fitzpayne, assistant secretary for legislative affairs for the Treasury, agreed to a meeting with Delphi retirees who saw their pensions slashed after the 2009 auto bailout.

Congressman Mike Turner speaks to Emily McCord for this week's PoliticsOhio. Turner says his history as a Congressman and Mayor of Dayton is reason for voters to give him another term. He discusses with McCord his views on sequestration, what he will and will not compromise on to get a budget deal passed through Congress, and how he believes Delphi workers should have their pensions restored.

Attorneys for a federally backed pension insurer have declined to enter mediation with retirees of a bankrupt auto-parts supplier suing to have their full pensions restored.

The Dayton Daily News reports that the Pension Benefit Guaranty Corp. rejected the non-binding mediation with Delphi salaried retirees. A spokesman for the insurer said Thursday said it can pay out only the amounts authorized by Congress.

Chuck Cunningham with the Delphi Salaried Retirees Association said it came after six weeks of discussions.

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