Lawmakers call for Delphi pension probe
An Ohio congressman and a U.S. senator from Mississippi are leading the charge again calling for committee probes into pension cuts of salaried retirees from Delphi Corporation.
In a letter sent Thursday to chairmen of the Senate and House Oversight Committees, the lawmakers write, “We ask that you investigate the disparities in the treatment of pensions between Delphi Corporation’s hourly- and salary-based employees. We request that you pursue information from the Department of the Treasury, the Pension Benefit Guaranty Corporation (PBGC), the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) …,” the lawmakers wrote.
During the 2009 government bailout of General Motors, more than 20,000 salaried retirees of the Delphi Corporation, including thousands locally, saw significant reductions to their pensions, while hourly retirees’ pensions were made whole.
U.S. Sen. Roger Wicker, R-Mississippi, and U.S. Rep. Mike Turner, R-Dayton, are joined by Sen. Rob Portman, R-OH, and 13 other mostly Republican legislators in their demands.
Democratic Congressman Beto O’Rourke of Texas is the sole Democrat who signed the letter.