Nov. 25, 2009: HOUSE COMMITTEE CONFIRMS DATE FOR DELPHI HEARING
Congressman Ryan to Testify, to be joined by Sen. Brown and Delphi Retiree Representative Bruce Gump
Washington, DC—Congressman Tim Ryan (OH-17) announced that the House Education and Labor Committee will conduct a hearing on the pensions and benefits that may be cut because of the Delphi Corporation bankruptcy for December 2, 2009. The decision comes after a request made by Congressman Ryan to Committee Chairman George Miller (Committee on Education and Labor) and Subcommittee Chairman Rob Andrews (Subcommittee on Health, Employment, Labor, and Pensions).
“I’m excited to speak on behalf of nearly 70,000 hardworking Americans, over 5,000 of whom are in my district, whose retirement benefits are threatened by circumstances beyond their control,” said Congressman Ryan. “As part of the economic stimulus bill that passed in February, Democrats were able to secure critical benefits that helped Delphi retirees, but I believe more can be done.”
Congressman Ryan has been a leader in the efforts to provide security for the supplemental and pension benefits of the Delphi Retirees, and has held discussions with both state and federal officials—including a meeting with President Obama on Air Force One--to address this critical issue and its local impact in the event of inaction. In July 2009, Congressman Ryan introduced legislation to provide funding for a Voluntary Employees Beneficiary Association (VEBA) which would cover Delphi hourly and salaried employees and retirees that lost their health coverage through Delphi and GM’s Chapter 11.
The House hearing ‘Examining the Delphi Bankruptcy’s Impact on Workers and Retirees’ will be held on December 2, 2009, at 10:30AM in Rayburn 2175. A Senate hearing on this issue was held on October 29, 2009.