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Wed. 4:25pm: Treasury nominee questioned about Delphi pensions

February 13, 2013

The man nominated to fill the U.S. Treasury Secretary post is being questioned about the treasury department's involvement in decisions to cut the pensions of thousands of Delphi salaried retirees....

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(21)

DelphiRetiree

Feb-14-13 12:09 PM

They could not be a party to our lawsuit, which is specific, but they could join us in mutual support of our plights. I personally welcome their support.

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reallytiredofit

Feb-14-13 10:38 AM

Since it appears that the same fate is happening to the RG Steel employees you may want to accept them into your group. The extra numbers couldn't hurt.

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reallytiredofit

Feb-14-13 10:35 AM

After all delphiretiree, as you yourself have said many times this is not just about YOU Delphi retirees but rather about any and all people who work for a living and have a pension plan as part of their compensation. Cutting a deal for yourselves won't help resolve the larger issue. Only a successful court decision can insure that this kind of thing won't happen again. Thank you very much for keeping the issue alive and fighting hard for the American worker.

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reallytiredofit

Feb-14-13 10:29 AM

Thank you for reminding us all that what happened to you is illegal. That being the case, the best way to resolve this issue is in the Federal Court System. That way the light of day can be placed on what happened and SURELY you will win. With that thought in mind it would be best advised to spend all of your groups resources and energy working to insure the best possible court case. Unitedfortruth is right, it is NOT going to be resolved outside of the courtroom. Understand it and work toward that end.

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DelphiRetiree

Feb-14-13 10:23 AM

United - Thanks for your support and all those who are supporting us.

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unitedfortruth

Feb-14-13 10:14 AM

these people got ripped hard.

delphiretiree....after 4 years, and i realize it has to hurt bad being sc.rewed like you people were, it probably isnt going to get resolved.

the sad thing is very few people outside you that were affected seem to care. in my opinion, thats worse than the raw deal you guys got.

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DelphiRetiree

Feb-14-13 9:04 AM

Proud - BOTH political parties run for office & re-election. And BOTH parties are looking pretty stupid for not getting this issue resolved after FOUR YEARS, particularly since it's a matter of right & wrong.

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DelphiRetiree

Feb-14-13 8:52 AM

Thanks for your diligent role as "Newspaper Cop", Tired, but the article never said what you claim they did. The article said,

"During the General Motors 2009 bankruptcy, Delphi's defined benefit pension plan was terminated and Delphi workers lost an estimated 30 to 70 percent in benefits. The Auto Policy Task Force, however, decided to "top-up" the pension benefits of union retirees, but not those of the 20,000 salaried retirees."

To put it literally for you, it says that our plan was terminated & we lost 30-70 percent. (See the period?) Then, it said the ATF decided to top up the pensions of the hourly but not us. Two separate sentences...get it?

That being said, most intelligent readers over the past 4 years fully unerstand that our pensions were cut out of political expediency and payback using taxpayer dollars. Unjust, unfair, & illegal. But I suppose you already knew that, Newspaper Cop.

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WarrenProud

Feb-14-13 4:42 AM

Don't be fooled. Portman is gearing up for his re-election bid. In his heart, he doesn't give a care about Delphi Retirees and their pensions. The Republicans had a chance to do the right thing years ago. Don't be fooled, Portman only cares about the Richest Americans like himself getting their tax cuts and has "NO" interest in the retirees or the middle class. That is obvious by his anti-retiree and anti-seniors congressional senate voting record.

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WarrenProud

Feb-14-13 4:41 AM

Don't be fooled. Portman is gearing up for his re-election bid. In his heart, he doesn't give a care about Delphi Retirees and their pensions. The Republicans had a chance to do the right thing years ago. Don't be fooled, Portman only cares about the Richest Americans like himself getting their tax cuts and has interest in the retirees or the middle class. That is obvious by his anti-retiree and anti-seniors congressional senate voting record.

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reallytiredofit

Feb-14-13 12:37 AM

And finally delphiretiree, I made no reference to the validity of your issue. No mention of right or wrong, no statement of fair or unfair. I was simply pointing out that the article is misleading and confuses the issue.

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reallytiredofit

Feb-14-13 12:25 AM

That is why I posted my comment in the first place. The TRIBUNE article is grossly misleading. The Auto Policy Task Force COULDN'T and DIDN'T take ANYTHING from ANYBODY. That is why the thrust of your legal action is against the P.B.G.C.

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reallytiredofit

Feb-14-13 12:20 AM

Let me answer for you Delphiretiree, NO THE AUTO POLICY TASK FORCE DID NOT TAKE ANYTHING AWAY FROM YOU. THE P.G.G.C. REDUCED THE PENSIONS FOR DELPHI ENROLLEES WHEN THEY TOOK CONTROL OF THE PLANS IN 2009.

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reallytiredofit

Feb-14-13 12:12 AM

I don't want an explanation Delphi retiree. Just yes or no, DID THE AUTO POLICY TASK FORCE TAKE PART OF YOUR PENSION OFF OF YOU?

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DelphiRetiree

Feb-13-13 11:58 PM

We don't need 218 + 51 to get it done. You should know that...

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DelphiRetiree

Feb-13-13 11:56 PM

Go educate yourself, Tired. After 4 years, it gets tiring to explain the whole story once again to those, such as you, who speak before they research.

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reallytiredofit

Feb-13-13 11:14 PM

Delphiretiree the democrats and republicans can't even agree to be civil to one another. You are dreaming if you think that 218 congresspersons and 51 senators are going to agree on anything.

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reallytiredofit

Feb-13-13 11:10 PM

delphiretiree, did the auto policy task force TAKE AWAY PART OF YOUR PENSION? If so, please explain how the auto policy task force TOOK AWAY PART OF YOUR PENSION.

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DelphiRetiree

Feb-13-13 10:36 PM

Congressional members from BOTH sides of the aisle are fully aware of the injustice done to us, as well as the facts that make it even more of an atrosity.

What Mike Turner & Tim Ryan MUST do is to finally garner enough support in Congress to force a settlement in our case! We'll see how committed they are to forcing a final, just resolution to our issue that has gone on FAR, FAR too long!!!

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DelphiRetiree

Feb-13-13 10:30 PM

Tired - Your comments don't deserve a rebuttal, because you are obviously 4 years behing in learning the real facts of the injustice done to us Delphi retirees. Come back when you educate yourself, please.

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reallytiredofit

Feb-13-13 6:26 PM

Who in the world wrote this article. The Auto Policy Task Force Did not decide nor is the treasury paying for the Delphi pensions to be topped up. I certainly hope Senator Portman knows better or he will have lots of egg on his face.

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