Delphi Pensioners Get Backup

Ohio’s senators say they have lined up bipartisan support in both houses of Congress for new legislation that would restore the terminated pensions of more than 20,000 salaried retirees of Delphi, the bankrupted former auto parts supplier. The move followed a Supreme Court decision in January…declining to take up the retirees’ final legal appeal.. Sens. Rob Portman and Sherrod Brown…are carrying the bill in the Senate. Several Ohioans in congress are onboard, as well. It would require the U.S. Treasury to make up the difference between partial retirement benefits the retirees were granted by the U.S. Pension Benefit Guaranty Corp….after General Motors filed for bankruptcy in 2009…and what they were originally promised.