Delphi http://wyso.org en Ohio Lawmakers Seek Healthcare Tax Credit Extension For Autoworkers http://wyso.org/post/ohio-lawmakers-seek-healthcare-tax-credit-extension-autoworkers <p></p><p>Ohio’s congressional delegation is calling on Congress to reinstate a tax credit for health care they say helped former auto workers.&nbsp;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—</p><p>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.&nbsp;</p> Mon, 10 Mar 2014 21:41:50 +0000 Lewis Wallace & Jerry Kenney 46874 at http://wyso.org Ohio Lawmakers Seek Healthcare Tax Credit Extension For Autoworkers GM "Pressured" To Restore Delphi Union Pensions During Auto Bailout http://wyso.org/post/gm-pressured-restore-delphi-union-pensions-during-auto-bailout <p>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.</p><p>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.</p> Thu, 12 Sep 2013 11:31:32 +0000 Emily McCord 39100 at http://wyso.org GM "Pressured" To Restore Delphi Union Pensions During Auto Bailout Federal Magistrate Orders Turnover of Documents to Delphi Retirees http://wyso.org/post/federal-magistrate-orders-turnover-documents-delphi-retirees <p></p><p>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.&nbsp; PBGC gained control over those pensions in 2009 when GM filed for bankruptcy protection.</p><p>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.</p> Mon, 26 Aug 2013 03:48:53 +0000 Jerry Kenney 38253 at http://wyso.org Report Challenges GM Bankruptcy Pension Moves http://wyso.org/post/report-challenges-gm-bankruptcy-pension-moves <p>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.</p><p>The report issued Thursday stopped short of saying the administration's role was right or wrong. It made no recommendations.</p><p>About 20,000 Delphi salaried retirees - nearly half in Ohio - saw their pensions cut by as much as 70 percent during GM's bankruptcy.</p> Fri, 16 Aug 2013 12:04:00 +0000 Associated Press 37851 at http://wyso.org Congressional Committee Wants Delphi Pension Documents Released http://wyso.org/post/congressional-committee-wants-delphi-pension-documents-released <p>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.</p> Wed, 24 Jul 2013 12:04:00 +0000 Emily McCord 36683 at http://wyso.org