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.
When automaker, General Motors, went through bankruptcy in 2009, about 20,000 non-union, salaried retirees from Delphi saw their pensions slashed, and other benefits like health and life insurance dropped completely. Those cuts were not applied to all Delphi union workers. WYSO’s Jerry Kenney reports, fingers are now pointing at the US Treasury Department for not applying those cuts evenly for all Delphi workers.