Delphi salaried retirees go to court to save pensions
The Delphi Salaried Retirees Association will meet with the federal automotive task force and has filed two legal actions as it tries to save the pensions of members.
“We’re not giving up,” said Chuck Cunningham of Howland, who helped organize a meeting Thursday to update about 400 area retirees.
Leaders of the retirees group will meet with the task force Thursday along with representatives of retirees from General Motors, Chrysler and Ford. Ron Bloom, who assumed leadership of the task force this week, is expected to attend the meeting, Cunningham said.
The Delphi retirees “will plead our case” and provide the task force with additional information to support their position that their pensions should not be terminated, he said.
“We’re hoping the task force understands the inequities that have been done here and agree to help us,” said Cunningham, who was a former senior executive at Delphi Packard Electric in Warren.
Delphi has proposed turning over the pensions of salaried retirees to the federal Pension Benefit Guaranty Corp., which insures pensions. Many retirees would see a pension reduction of between 30 percent and 70 percent because PBGC has limits to payouts, the retirees have said.
Read more in Friday’s Vindicator and Vindy.com
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