Monday, September 10, 2012

Non-Unionized Delphi Retirees Rally over ‘Theft of Our Pensions’ Caused by Auto Bailout




DAYTON, Ohio - From the bed of a Ford pickup truck outside a now-dilapidated former Delphi auto parts plant here, Mary Miller called for transparency from President Barack Obama over the "theft of our pensions."

Miller, a self-described "divorced mother of four young adults," and about 200 Delphi salaried retirees gathered at the shuttered auto plant in Dayton last Thursday morning to ask President Obama to right the wrongs they believe his administration inflicted upon them during the 2009 auto industry bailout.

The Obama administration terminated the pensions, health care and life insurance of more than 20,000 Delphi retirees during that bailout. Internal Pension Benefit Guaranty Corporation (PBGC) emails The Daily Caller published on Aug. 7 show the Obama White House and Treasury Department have consistently misrepresented the decision-making process behind the backroom deal. 

The emails demonstrate that White House and Treasury officials were behind the pension terminations and that Secretary Tim Geithner and his Treasury Department were the driving force pushing them. The emails also contradict sworn testimony in which several Obama administration figures have said the decision to terminate the pensions came from the PBGC.


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