Having read the Delphi pension salary article recently, I would like to set the record straight.
The hourly top-off was a union / Delphi agreement and the language states retirees who reach 62 years old will no longer be eligible for this payment - and bonus.
I was forced to retire from Delphi in 2007, and in 2009 this Delphi hourly retiree had her pension handed over to PBGC.
Get it? I'm a Delphi hourly PBGC retiree.