House passes bill to help Delphi salaried retirees

WARREN

The House has approved legislation that would help Delphi salaried retirees with their health care costs for another 18 months.

Under the proposed measure, part of a broader trade bill, the Health Coverage Tax Credit would continue to pay 80 percent of health care premiums to workers displaced by trade and retirees over age 55 who are receiving pension benefits from the Pension Benefit Guaranty Corp.

The latter includes many of the 20,000 Delphi salaried retirees who saw their pensions cut by up to 70 percent when their plans were turned over to the PBGC during the federal government’s restructuring of General Motors.

“I am very pleased with this; it’s a huge step forward,” said Bruce Gump, chairman of the Warren chapter of the Delphi Salaried Retirees Association.

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