Obama administration footprints all over denial of pension benefits to non-union Delphi employees
"Delphi, a General Motors company, is one of the world’s largest
automotive parts manufacturers. When the government bailed out GM,
20,000 Delphi workers lost nearly their entire pensions. But Delphi
employees who were members of the United Auto Workers union saw their
pensions topped off and made whole.
The White House and Treasury Department have consistently maintained
that the Pension Benefit Guaranty Corporation (PBGC) independently made
the decision to terminate the 20,000 non-union Delphi workers’ pension
plan. The PBGC is a federal government agency that handles
private-sector pension benefits issues. Its charter calls for
independent representation of pension beneficiaries’ interests.
But now, the Daily Caller
has obtained emails showing that the U.S. Treasury Department, led by
Timothy Geithner, was the driving force behind terminating the pensions
of the 20,000 salaried Delphi retirees." [Power Line]
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