Congressman Michael Turner | Proudly Serving Ohio's 10th District

Delphi Pensions

Looking for Answers for Delphi Retirees
When the U.S. government took over General Motors, a decision made by the Pension Benefit Guaranty Corporation in consultation with the U.S. Treasury resulted in approximately 20,000 current and future salaried Delphi retirees from across the country taking a severe cut in their promised pension benefits that had been earned throughout their careers. This action undertaken with taxpayer funds has not been explained or justified.

Congressman Mike Turner was a guest on the Doc Thompson Show WXYT 1270AM Detroit, Michigan talks about his recently introduced RESTORE FOIA Act and Delphi pensions. You can listen to the complete interview here.

PRESS RELEASES AND NEWS CLIPS

Pension Benefit Guaranty Corporation emails



The RESTORE FOIA Act

The RESTORE FOIA Act: Fact Sheet





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VIDEO



PRESS RELEASES

Turner Won’t Accept Silence as an Answer from Snowbarger
Congressman Mike Turner (OH-3) wrote to Vincent Snowbarger, Deputy Director for Operations at the Pension Benefit Guaranty Corporation, inquiring on the status of responses to questions for the record submitted to him over two months ago. Turner submitted the questions at the November 14, 2011

Turner Demands Transparency in Delphi Pension Decision
Today, Congressman Mike Turner (OH-3) took to the House Floor to highlight the continued lack of transparency when it comes to Delphi salaried retirees pensions.

Letter to Joshua Gotbaum Director PBGC

Turner Announces Delphi Pension Field Hearing Details
Today, Congressman Mike Turner (OH-3) announced details on a House Oversight and Government Reform Committee field hearing he requested, to receive testimony directly from local Delphi salaried retirees. Turner, who is a senior member of the Committee, has been pressing the Administration for answers since the Auto Bailout was undertaken. The hearing request stems from a decision by the Pension Benefit Guaranty Corporation (PBGC) that resulted in approximately 20,000 current and future salaried Delphi retirees from across the country taking a severe cut in their pension benefits. On June 22nd, at Turner’s request, a hearing on the Lasting Implications of the General Motors Bailout was held by the House Oversight and Government Reform’s Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending.

Hearing in Dayton Will Bring Delphi Retirees Stories to Congress
When the U.S. Government took over General Motors, the Administration made a decision that resulted in approximately 20,000 current and future salaried Delphi retirees from across the country taking a severe cut of up to 70 percent in their promised pension benefits earned throughout their careers. This action undertaken with taxpayer funds has not been explained or justified. At my request, on November 14th, Delphi retirees from our community will have the opportunity to tell their stories before the House Oversight and Government Reform Committee (OGR).

Turner Statement on Delphi Public Offering and Retiree Pensions
While Delphi is strengthening its financial position and spending billions of dollars to buy back their interests from General Motors (GM) and the Pension Benefit Guarantee Corporation, thousands of retirees have been left in the cold.

Turner and Burton Call on Chairman Issa to Hold Hearings on Delphi Salaried Retiree Pension Losses
Congressmen Mike Turner and Dan Burton (IN-5) sent a letter to Oversight and Government Reform Committee Chairman Darrell Issa requesting that the Committee convene hearings into the actions of Pension Benefit Guarantee Corporation relating to Delphi employee pensions.

IN THE NEWS

House members urge restoration of pensions for Delphi retirees
“These Delphi retirees are entitled to these benefits,” said U.S. Rep. Mike Turner, R-Centerville, a member of the House Committee on Oversight and Government Reform. “These benefits were wrongly taken from them.”

Turner Working To Restore Delphi Employee Pensions
Congressman Mike Turner, (R)-3rd District, is trying to right a wrong when it comes to the missing money he claims is owed to hundreds of Delphi retirees.

Mike Turner Calls for Further Congressional Investigations into Delphi Salaried Retiree Pensions
Mike Turner welcomed yesterday’s announcement that Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program, will investigate whether Delphi’s salaried retirees were treated differently than union or hourly retirees when the US government took over General Motors, and whether the TARP program or the Obama administration pressured GM to “top off” the pensions of hourly retirees.

Congressmen Turner, Burton Blast Treasury Department for Refusing to Answer Questions on Delphi Retirement
Citing a pending lawsuit, Treasury Secretary Timothy Geithner is refusing to answer questions put to him by Congressmen Mike Turner and Dan Burton concerning the Treasury Department’s role in decisions that led to a loss of pension value for thousands of former Delphi employees in Ohio and other states.

Turner Hands Geithner another 30 Questions Investigating Treasury’s Role in Reducing Delphi Salaried Retirees’ Pensions
Congressman Michael Turner today presented Treasury Secretary Timothy Geithner with an additional 30 questions examining the Treasury Department’s involvement in the decision to cut Delphi salaried retirees’ pension plans.

Turner Questions Treasury Secretary Geithner on Department’s Role in Cutting Delphi Salaried Retirees Pensions
Congressman Mike Turner today announced he has submitted questions to Treasury Secretary Timothy Geithner investigating the Treasury Department’s involvement in the decision to cut Delphi salaried retirees’ pension plans.

Rep. Turner Questions Senior Treasury Official on Delphi, General Motors
A video of the hearing

Turner: Delphi Retirees Deserve the Benefits they were Promised
U.S. Representative Mike Turner this morning testified before the House Education and Labor Subcommittee on Health, Employment, Labor and Pensions hearing investigating the management of former Delphi Corporation employees’ pension plans.

The House Committee on Education and Labor hearing on the Delphi Bankruptcy
A video of Mike Turner's testimony.