Tag Archive: Delphi Retirees Thank Trump for Action to Restore Their Pensions


on October 23, 2020 in World News

Delphi Retirees Thank Trump for Action to Restore Their Pensions

by John Binder ‘Best News Since Nightmare Began’ by Obama-Biden Former Delphi workers, who had their pensions slashed in the Obama-Biden administration’s auto bailout, are thanking President Trump for his order that seeks a solution in restoring the lost pensions. 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 $440 million. Meanwhile,...

by John Binder ‘Best News Since Nightmare Began’ by Obama-Biden Former Delphi workers, who had their pensions slashed in the Obama-Biden administration’s auto bailout, are thanking President Trump for his order that seeks a solution in restoring the lost pensions....

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