In 2009, as part of the Obama-Biden administration’s taxpayer-funded bailout of GM, the Pension Benefit Guaranty Corporation (PBGC) terminated the pension plans of about non-unionized 20,0000 Delphi workers. In some cases, workers had their pensions gutted by 30 to 70 percent.
Three years later, federal documents unveiled how the Obama-Biden administration’s Treasury Department worked to gut the pensions of the Delphi workers despite repeated claims that it was the sole decision of the PBGC.
A federal report in 2013 detailed that the Delphi workers would likely have their pensions cut by an estimated $440 million.
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Three years later, federal documents unveiled how the Obama-Biden administration’s Treasury Department worked to gut the pensions of the Delphi workers despite repeated claims that it was the sole decision of the PBGC.
A federal report in 2013 detailed that the Delphi workers would likely have their pensions cut by an estimated $440 million.
Trump Mulls Returning Pensions to 20K Delphi Workers Slashed by Obama-Biden
After about 20,000 Delphi workers had their pensions slashed by the Obama-Biden administration, Trump is considering restoring the pensions.
Joe Biden Said Delphi Workers 'Did Fine' After Pensions Were Gutted
Democrat Joe Biden said 20,000 non-unionized Delphi workers "did fine" after they had their earned pensions gutted.
