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Finally: Delphi retirees break through Obama stonewall on UAW bailout
I have been reporting to you about how President Obama’s UAW bailout threw tens of thousands of nonunion autoworkers under the bus since September 2010. It’s the real-life horror story of some 20,000 white-collar workers at Delphi, a leading auto parts company spun off from GM a decade ago. As Washington rushed to nationalize the U.S. auto industry with $80 billion in taxpayer “rescue” funds and avoid contested court termination proceedings, the White House auto team schemed with Big Labor bosses to preserve UAW members’ costly pension funds by shafting their nonunion counterparts. In addition, the nonunion pensioners lost all of their health and life insurance benefits. The abused workers — most from hard-hit northeast Ohio, Michigan and neighboring states — had devoted decades of their lives as secretaries, technicians, engineers and sales employees at Delphi/GM. Some workers have watched up to 70 percent of their pensions vanish.
It is important to keep telling the story of their continuing legal nightmare because the White House keeps telling fables about the “success” of the pro-worker auto bailout. The Delphi workers are fighting Chicago-style collusion and corruption. And their most recent court battle exposes, once again, the fantasy of Obama’s commitments to real fairness and transparency.
The latest from the Delphi Salaried Retirees Association:
Delphi Salaried Retirees Receive 62,000 Pages of Documents from Pension Benefit Guaranty Corporation in Lawsuit
Emails and reports finally released 20 months after federal judge first ordered PBGC to participate in lawsuit’s discovery phase. PBGC states it will produce a second batch of documents by end of June
Retirees believe Obama’s Auto Task Force directed PBGC to unjustifiably and illegally terminate pension plan in 2009
Government officials’ refusal to disclose how decision was made ignores Obama directive that “transparency and the rule of law will be the touchstones of this presidency.”
Release Date: Monday, June 11, 2012
WASHINGTON, D.C. — Twenty months after Federal U.S. District Judge Arthur Tarnow ordered in September 2010, that salaried retirees of auto parts maker Delphi Corp. were entitled to conduct discovery in their lawsuit against the Pension Benefit Guaranty Corporation, the PBGC on Thursday finally made its first document production, turning over approximately 62,000 pages of emails and documents. The pension agency said it would make a second production of a similar size by month’s end. The materials concern the PBGC’s 2009 termination of the pension plan of more than 20,000 current and future salaried Delphi retirees during the auto bailout, resulting in the reductions of earned pensions by as much as 70 percent.
SheVee
June 13th, 2012
Romney or American Crossroads should make a commercial about this asap. Weren’t Chrysler investors shafted as well during that bailout? As always with the Obama thugs, the union came first.
Boobie the Rocket Dog
June 13th, 2012
Something else Romney needs to talk about.
Shang
June 13th, 2012
I am one of the 20,000 salaried workers that “donated” my pension to the UAW and the GM bailout. There is a core group of Delphi salaried employees who have been working diligently to get our lost pensions and benefits restored. I applaud them.
GM on the other hand has lost my business forever. Delphi was nothing more than a money laundering scheme for them that blew up in their face and they sold their soul to survive.