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

Delphi Pensions

Looking for Answers for Delphi Retirees
When the US government took over General Motors, a decision made by the PBGC in consultation with the U.S. Treasury resulted in approximately 15,000 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.

My questions for White House senior manufacturing adviser, Ron Bloom, about the GM Bailout and Delphi pensions.

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 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.

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.