Joe Biden Campaigns In Warren, Michigan Republican and Democrat lawmakers are asking President Joe Biden’s administration for its plan to restore the pensions of about 20,000 Delphi workers following a pension-slashing scheme during the Obama administration’s auto bailout.
In 2009, as part of the Obama-Biden administration’s taxpayer-funded bailout of General Motors (GM), the Pension Benefit Guaranty Corporation (PBGC) terminated the pension plans of about 20,0000 non-unionized Delphi workers. In some cases, workers had their pensions gutted by as much as 75 percent.
A federal report in 2013 detailed that the Delphi workers would likely have their pensions cut by an estimated […]
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