The PBGC strikes again

The PBGC strikes again

EDITOR:

And so it goes. The Pension Benefit Guaranty Corp. has denied the appeal of employees of Republic Technologies International and it is stripping our pensions from me and many of my co-workers. Oh, we do have options. For me I can take $70 a month minus 10 percent to pay back the $28,000 or so that they’ve already paid me since 2002. That’s right. They want their money back. Or I can take nothing till I’m 65 and get a whopping $275 a month minus 10 percent. So think about those figures, Delphi people, when you go from $2,000or $3,000 to $1000.

And if you think Ryan or any of these other politicians are going to help you, think again. They may say nice things or make a big speech somewhere but it’s all cosmetic. It’s just like Jim Traficant says, “We can take care of people all over the world, but we can’t take care of our own.” Say what you will about him but I believe he was the only politician that I know of who really cared about his constituents, and I hope he runs again because he’s got my vote.

We probably will file a lawsuit against PBGC. Will it do any good? It’s hard to be optimistic, I only wish Jimbo would have been my congressman the last eight years because I feel I would have gotten a lot more help. No signs of intelligent life in this area. Not in office and not in de Souza’s columns. So like the man says, “Beam me up.”

JACK THOMAS

Struthers