Members of Congress, Delphi Retirees Question Government Hand in Pension Cuts
Congressman John Boehner
December 4, 2009
In a troubling example of the questions that accompany continued government bailouts and political meddling in corporate boardrooms, members of Congress and retirees appeared before the House Subcommittee on Health, Employment, Labor and Pensions on Wednesday to speak out against a decision that has lead to unfair and unequal treatment of thousands of retirees of the now-bankrupt auto parts manufacturer Delphi Corporation, which had several facilities in the Dayton area.
Questions Surround Unusual Arrangement Favoring Labor Unions
As Delphi emerged from bankruptcy, the company shed its obligations to the Pension Benefit Guaranty Corp., a government program that provides partial pensions to workers from companies that go under.
But in what the...
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