U.S. House Votes to Restore Delphi Salaried Pensions

YOUNGSTOWN, Ohio – The U.S. House of Representatives on Wednesday voted 254-175 to pass legislation that would restore the pensions of 20,000 salaried retirees of Delphi Corp., of which more than 5,000 live in Ohio. It’s the brightest sign yet for those workers whose pensions were assumed by the Pension Benefit Guaranty Corp. in 2009 when General Motors was steered through bankruptcy by the Obama Administration. The measure now moves to the U.S. Senate, which may take up the bill as ea

Want to continue reading?

Subscribe to The Business Journal

Just $24/year (digital only) or $42/year (print + digital) will get you full access to all of our articles every month.

Subscribe Today

Copyright 2022 The Business Journal, Youngstown, Ohio.