House Committee Presses For Info On Delphi Pensions
A congressional committee is pushing for Treasury Secretary Jacob Lew to release documents related to the pensions of Delphi retirees, hundreds of whom are from Ohio. Now theyâre setting a deadline for action. Republicans Darrell Issa, John Mica and Mike Turner sent letters this week to the Treasury and to the Director of the Pension Benefit Guaranty Corporation, or PBGC, asking for the documents related to the pensions of Delphi employees received at the 2008 auto bailout. Thatâs when non-union retirees had their pension cut, some as much as 70 percent. The House panel says theyâll subpoena that information if those documents arenât produced by August 5. Mike Turner of Ohioâs 10th district says this the final step in a long process to get the information and the administration has not provided Delphi employees the answers they deserve. "The treasury department and PBGC have not been forthcoming," Turner says. "Theyâve provided some emails and communications about the Delphi salaried retirees losing their pensions that only included the salutation and the sign off with no substance in between with the substance being deleted." In a statement, PBGC spokesperson Marc Hopkins says they have provided the committee and other congressional panels with comprehensive Delphi related communication and that it is reviewing the committeeâs request.