Congressman Tim Ryan Responds to White House Review of Delphi Salary Retirees’ Pensions
Youngstown, Ohio – After Congressman Tim Ryan’s (OH-13) urging, the White House issued a memorandum to review the actions taken by the Pension Benefit Guarantee Corp. and investigate potential options to restore pensions of salaried retirees of Delphi. On September 30, 2020 Ryan led a bipartisan group of lawmakers in urging President Trump to intervene on behalf of Delphi salaried retirees. The White House memorandum can be found here.
“Multiple times I have urged President Trump to intervene on behalf of Delphi salaried retirees. I support any effort that will fix this egregious issue and stand ready to work with the Administration to help make Delphi salaried retirees whole, but they need action, not more reviews. I have worked across the aisle since day one on this issue, calling on both the Obama and Trump Administrations to intervene on their behalf. Delphi salaried retirees shouldn’t have to wait another day to receive the benefits they earned,” said Rep. Tim Ryan.
On September 30, 2020, Reps. Ryan and Turner led a bipartisan group of lawmakers in urging President Trump to intervene on behalf of Delphi salaried retirees to ensure that the Pension Benefit Guaranty Corporation (PBGC) restores the retirees’ pensions to the greatest extent possible and makes the retirees whole. Read the full letter and release here.
In April 2020, Reps. Ryan, Turner, and Kildee urged President Trump to support the Delphi Salaried Retirees by requesting that the PBGC join the retirees in asking the Sixth Circuit Court for a stay of the proceedings, which would allow for a negotiated settlement. Read the full release and letter here.
In May 2020, Ryan was joined by Ohio Reps. Mike Turner, Bill Johnson, and Steve Chabot in calling on President Trump to restore the pension plans of Delphi Salaried Retirees before any further coronavirus relief for the auto industry. Read the full release and letter here.
On September 4, 2020, the PBGC responded to Ryan’s letters on the subject stating that:
“On September 1, 2020, a three-judge panel of United States Court of Appeals for the Sixth Circuit ruled in PBGC’s favor in the lawsuit involving PBGC and the Delphi Salaried Retirees Association (DSRA)—in which DSRA challenged the termination of the Salaried Plan. According to the panel, “the retirees have not raised any argument warranting reversal” of a previous federal District Court ruling in PBGC’s favor.”
The PBGC’s full response letter can be read here.