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Sen. Portman questions nominee on pensions

Ohio Republican goes to bat for Delphi retirees

February 14, 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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featherstone

Feb-14-13 1:44 AM

Not the first time something like this has happened in regards to pension hackery, just ask any of thousands of former steel workers in and around the valley after plant closings.

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DelphiRetiree

Feb-14-13 8:58 AM

Featherstone - The steelworkers and anyone else who worked entire careers & earned their pensions deserve them. Howver, the Delphi case is different. In the case of steeleworkers, ALL sacrificed equally and lost part of their pensions. In our case, the President, Treasury, Auto Task Force CHOSE to use taxpayer dollars to fully fund the pensions of the hourly, but not the Salaried and weker union members.

BIG difference, my friend.

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DelphiRetiree

Feb-14-13 9:00 AM

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!!! After 4 YEARS, they are BOTH looking pretty stupid for not "gettin' it done"!!!!

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featherstone

Feb-14-13 2:58 PM

I understand the dif. Delphi. Still to common for pensions salary or hourly to be eliminated, reduced or bargained in plant shut downs or sale. Ask former Brainard Strapping employees about pensions after bankruptcy, hourly and salary. Strictly a numbers game in reference to hourly being priority in compensation. Absolutely no argument on your view here. Salary def got the shaft.

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featherstone

Feb-14-13 3:10 PM

Situation is similar in ways of a plant shutting down and or sold and pensions always being first to be bargained on. No access to the records says it on this one. What's sickening is GM posting profits consistently for how many consecutive quarters? But there free from full pension payout to salary people from Delphi? It's all accountant trickery. Hope something works out for these people who were cheated.

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DelphiRetiree

Feb-14-13 3:27 PM

Thanks Feather! I love my new Honda. Thanks GM...

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RetiredDrone

Feb-14-13 7:31 PM

DelphiRetiree wrote: "We'll see how committed they are to forcing a final, just resolution to our issue that has gone on FAR, FAR too long!!!"

If you haven't seen how committed they are by now, then you're simply in denial.

DelphiRetiree wrote: "After 4 YEARS, they are BOTH looking pretty stupid for not "gettin' it done"!!!!"

Yeah, almost as stupid as you for still hoping for them to 'get it done'.

lol

(-:

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DelphiRetiree

Feb-14-13 10:36 PM

Drone - Thanks for your insensitive comments. The only thing that overshadows them is your stupidity. Hope you are never put in this situation.

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reallytiredofit

Feb-15-13 7:32 AM

Featherstane, Not only is GM not paying the Salaried pension payments of Delphi retirees, They are not paying the Hourly pension payments either. Both the Salaried and the Hourly Delphi pension plans were turned over to the PBGC. The PBGC pays both the Salaried and the Hourly retirees their basic pension payments. When the Delphi Retirees reach the qualifying age, both Salaried and Hourly ,receive Social Security payments in addition to their basic pension payment from the PBGC. The reason that GM does not pay the Basic pension payments of the Delphi retirees is that these people were not GM employees and were not enrolled in the GM pension plans.

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reallytiredofit

Feb-15-13 7:56 AM

Featherstone, I present these facts not to belittle the claims of the Salaried retirees, but rather to clear up the misconception that GM is paying the Hourly employees their pension while denying the Salaried employees theirs. What GM is paying to some but not all Hourly retirees is a top up payment. This payment brings a hourly employees monthly pension up to the level that it would have been had Delphi not turned the Pension plans over to the PBGC. Once eligible for Social Security at age 62,63 for some people, the average GM top up to a Delphi hourly retiree is less than one hundred dollars a month.

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DelphiRetiree

Feb-15-13 9:03 AM

And before age 62, the top up that the Obama Administration & Treasury orchestrated amounts to $900 - $2100 per month. That is the loss that the Delphi salaried suffer at the hands of discriminatory Obama.

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reallytiredofit

Feb-15-13 10:16 AM

But the judge threw out the claim of discrimination against the Obama Administration. The court ruled that the Delphi Salaried retirees could not show they had been discriminated against.

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reallytiredofit

Feb-15-13 10:20 AM

General Motors and Delphi were never included in the lawsuit by the Delphi Salaried Retirees as defendents. Since the claim of discrimination has been dismissed and GM and Delphi never included, that leaves basicly the PBGC as the defendent in the Delphi lawsuit.

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reallytiredofit

Feb-15-13 10:24 AM

It has been four years since the lawsuit has been filed by the Delphi Retirees. It is time for the plaintifs, Delphi Retirees, to present their case in Federal Court and bring an end to this situation once and for all.

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DelphiRetiree

Feb-15-13 10:34 AM

Sure, Don. That's why there is still a claim against the Treasury Dept in Washington DC, waiting on a ruling in Detroit. The Treasury Dept was, in fact, involved in denying us our earned, full pensions

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reallytiredofit

Feb-15-13 11:32 AM

DO you mean waiting to hear whether you will be allowed to proceed against them or not?

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DelphiRetiree

Feb-15-13 11:32 AM

yes

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reallytiredofit

Feb-15-13 11:33 AM

Are you a Delphi Salaried Retiree?

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reallytiredofit

Feb-15-13 11:35 AM

So after 4 years you still do not know who you are sueing, is that what that means?

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reallytiredofit

Feb-15-13 11:56 AM

See, Jamal, this is exactly what I'm talking about. How can anyone take the issue seriously if YOU Folks still don't know who your even sueing after four years of paying a high priced law firm to handle your case. To my knowledge there have been NO laws broken. Certainly you must believe Delphi and General Motors did nothing wrong or you would have included them in your lawsuit. Why would you expect members of congress to come rushing in to help in a cause when You still can't even point to who is or isn't part of the issue?

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DelphiRetiree

Feb-15-13 12:07 PM

Hasbeen, you already know the answers to all of the questions you asked, and so do I. You want to debate the same points time after time, go right ahead...with someone who you can snooker. Fact is, we deserve our pensions, and it is a shame that the injustice is allowed to continue.

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reallytiredofit

Feb-15-13 1:10 PM

Jamal, No one is going to hand you anything. No one is going to be your savior on this issue. Congress is not going to resolve this for you. IF you are to ever get a resolution it will have to be through the courts. The best thing your leadership could do is to quit dreaming and get a move on with your case. In the end a decision of the Federal Court will bring closure to this for you and everyone in this valley.

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featherstone

Feb-15-13 1:58 PM

reallytired, understand PBGC, my point about GM was simply that they're posting big profits for s last several quarters. One of if not the largest at least at one time corporations in the world cries poor mouth, people like Packard salary get the shaft, GM gets bailout and does a 180!!! Know people who retired before Packard spun off to Delphi, of course also effected by GMs antics on healthcare end.

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featherstone

Feb-15-13 2:09 PM

Reallytired, Congress wouldn't hurt! But what do I know? Packard upper management embezzled, mis managed and sold jobs out. Same old story, and who pays but people working for a living. When Packard spun off GM, something smelled bad.

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reallytiredofit

Feb-15-13 2:54 PM

No argument with that at all Featherstone, you are right in both posts. The Ironic thing is that one of the higher management group most responsible for the movement of Packard work out of the USA to Mexico is now a leading member of the Salaried group that is pursuing the lawsuit against the government.

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