Congressman Mike Turner, Co-Chair of the Auto Industry Pension Task Force was joined by fellow Task Force members in writing to request that the Pension Benefit Guaranty Corporation (PBGC) provide them with an update on the status of final benefit determinations for the Delphi Salaried pension plan. 

As you know, over 20,000 salaried retirees had their hard-earned retirement drastically reduced when the PBGC terminated their pensions in July 2009….For too long, these retirees have withstood undue delays on the part of the PBGC to produce this determination,” wrote the lawmakers.

Since having their pensions slashed in 2009, the PBGC has not yet produced final benefit determinations for plan participants.  Delphi Salaried Retirees are entitled to being informed of final benefit determinations for the benefits they earned.

NOTE: The full letter follows below.

 

March 5, 2013

 

Mr. Joshua Gotbaum

Director

Pension Benefit Guaranty Corporation

1200 K St., NW

Washington, D.C. 20005

Dear Mr. Gotbaum:

 

We are writing to request that the Pension Benefit Guaranty Corporation (PBGC) provide us with an update on the status of final benefit determinations for the Delphi Salaried pension plan.

 

As you know, over 20,000 salaried retirees had their hard-earned retirement drastically reduced when the PBGC terminated their pensions in July 2009.   

 

However, since that time, your agency has not yet produced final benefit determinations for plan participants.  For too long, these retirees have withstood undue delays on the part of the PBGC to produce this determination.  Swift, thorough, and accurate action is required to remedy this undue delay and to provide these individuals with the information and certainty they deserve.

 

Thank you for your timely attention to this matter, and please do not hesitate to contact us with any questions you may have.

 

Sincerely,

 

_________________                                      _________________

Michael R. Turner                                            Tim Ryan

Member of Congress                                       Member of Congress

 

_________________                                      _________________

David Joyce                                                     Steve Stivers

Member of Congress                                       Member of Congress

 

_________________                                      _________________
Jim Jordan                                                       Brian Higgins

Member of Congress                                       Member of Congress

 

_________________

Bill Johnson

Member of Congress

 

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