Today, Congressman Mike Turner (OH-3) announced that Oversight and Government Reform Committee Chairman Darrell Issa will hold a hearing in Dayton to receive testimony directly from local Delphi salaried retirees. According to a letter from Chairman Issa, the hearing will take place on Monday, November 14th. Further details including time, location, and a witness list will be finalized in the coming weeks. The hearing requests stem from a decision by the Pension Benefit Guarantee Corporation (PBGC) that resulted in approximately 15,000 salaried Delphi retirees from across the country taking a severe cut in their pension benefits.
“I am appreciative of Chairman Issa’s continued commitment to joining me in finding answers for these former Delphi employees. Without explanation, members of the Auto Taskforce picked winners and losers when it came to pension benefits. This hearing will ensure that the voices of these employees will be heard by Members of Congress actively investigating this matter,” stated Turner.
This latest effort by Congressmen Turner to highlight the consequences of the pension decision follows a June 22nd hearing on the Lasting Implications of the General Motors Bailout held by the House Oversight and Government Reform’s Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending, also requested by Turner who is a senior member of the full committee.
“This hearing is another step in the right direction. These retirees and the American people deserve answers as to why the Administration’s decision resulted in a 70 percent reduction in pensions and loss of health care for salaried Delphi retirees, but not other groups. I look forward to joining Chairman Issa on the 14th of November,” said Turner.