Ryan Says Biden Wants to Help Delphi Retirees
YOUNGSTOWN, Ohio – U.S. Rep. Tim Ryan, D-13, took the opportunity to talk to President Joe Biden during his visit to Columbus Tuesday, bringing to his attention the plight of salaried retirees of Delphi Corp. who more than 10 years ago saw their pensions terminated by the Pension Benefit Guaranty Corp.
“President Biden was familiar with the situation and told me he wants to help,” Ryan said in a statement Wednesday. “I will continue working with my colleagues in Congress and with the White House on this issue.”
Ryan says he met with Biden privately during the president’s visit to James Cancer Hospital and Solove Research Institute in Columbus on Tuesday. “I advocated that the Delphi salaried retirees should be made whole and urged him to have his Administration work with us to restore their earned benefits,” the congressman said.
In 2009, the PBGC terminated the pensions of the salaried employees of Delphi, who suffered significant losses to their earned benefits.
After over a decade of lawsuits, salaried retirees are still left without their full pensions.
Ryan testified Tuesday morning on behalf of Delphi Salaried Retirees before the House Ways and Means Committee. This Committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, Pensions, Medicare, and other social services programs.
Pictured: President Joe Biden speaks during a tour of the James Cancer Hospital and Solove Research Institute, Tuesday on the campus of The Ohio State University Tuesday, March 23, 2021, in Columbus, Ohio. (AP Photo/Evan Vucci)
Published by The Business Journal, Youngstown, Ohio.