The Economy & Business
8:04 am
Tue June 11, 2013

Delphi Retirees in Pension Dispute Pack Local Meeting

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.

Republican Rep. Mike Turner of Dayton is on the committee and urged Mica to attend the meeting to hear from retirees.

The pensions of more than 20,000 non-union Delphi retirees were cut when the company released its pension obligations to a federally backed pension insurer while under bankruptcy protection in 2009.
 

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