Kaptur Urges Labor Department To Expedite Ruling on Delphi Pensions
July 15, 2014
WASHINGTON, D.C. – Congresswoman Kaptur (Ohio-9) joined U.S. Sen. Sherrod Brown and House colleagues Marcia Fudge (Ohio-11) and Tim Ryan (Ohio-13) in urging the Department of Labor to expedite a ruling on pensions for salaried retirees from Delphi.
In a letter to Labor Secretary Thomas Perez, the Ohio legislators urged him to intervene and support a final determination by the Pension Benefit Guarantee Corporation (PGBC) as soon as possible. They were joined on the letter by Senators Bob Casey (Pennsylvania), Chuck Schumer (New York), Debbie Stabenow (Michigan) and Joe Donnelly (Indiana).
Noting that approximately 20,000 salaried retirees from Delphi have waited almost five years for a final benefit determination, the legislators called the delay "unsatisfactory and deeply troubling."
They noted that the case of the Delphi salaried retirees is unique because their pensions were termination during the rescue of the automobile industry. "Now, five years later, these workers are forced to live in limbo, denied any certainty or due process in confirmed or challenging the cuts to their earned benefits."
In a letter to Labor Secretary Thomas Perez, the Ohio legislators urged him to intervene and support a final determination by the Pension Benefit Guarantee Corporation (PGBC) as soon as possible. They were joined on the letter by Senators Bob Casey (Pennsylvania), Chuck Schumer (New York), Debbie Stabenow (Michigan) and Joe Donnelly (Indiana).
Noting that approximately 20,000 salaried retirees from Delphi have waited almost five years for a final benefit determination, the legislators called the delay "unsatisfactory and deeply troubling."
They noted that the case of the Delphi salaried retirees is unique because their pensions were termination during the rescue of the automobile industry. "Now, five years later, these workers are forced to live in limbo, denied any certainty or due process in confirmed or challenging the cuts to their earned benefits."