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.
A new study finds that buying locally could generate millions of dollars for parts of Southern Ohio, As Emily McCord reports for WYSO, it could benefit an economy still recovering after shipping company DHL left Wilmington.
Republicans have been very effective in tying the slow economy to President Obama. But in Ohio, the recovery is more noticeable than most states. At the Democratic National Convention, U.S. Senator Sherrod Brown is urging delegates to spread that message.
Like most Democrats at the Convention, Sherrod Brown is keen to remind people that the Great Recession began under the Bush Administration. He told Ohio delegates that in George Bush’s last month in office the U.S. lost 800 thousand jobs. By 2010, Ohio’s jobless rate was 10 ½ percent.
Yesterday (8-14-12), Elected leaders from Montgomery and Greene Counties joined Congressman Mike Turner for a community forum focusing on the impact that sequestration defense cuts will have on the Dayton region. They heard testimony from local experts and business leaders about possible affects of the defense cuts, which have a growing number of people worried about their communities.
Yesterday (8-7-12), Congressman Mike Turner announced that a forum, focusing on the impact impending-defense-cuts will have on the Dayton region will take place next week. WYSO’s Jerry Kenney was on hand for the event.
Speaking before workers at the GEMCITY manufacturing plant on Leo St. in Dayton, Turner said the sequestration cuts in defense spending are the result of a compromise on last year’s debt ceiling talks.