Thousands of Delphi salaried retirees across Ohio, who continue to be denied up to 70 percent of their earned pensions, appreciate the individual supportive efforts by several members of Ohio's congressional delegation on both sides of the aisle.
In our association's three-year, multi-million dollar legal effort to convince the Obama administration and Pension Benefit Guaranty Corporation to restore our pensions, our focus is on doing this as quickly as possible so our retiree members are better able to pay their bills.
Day after day, these withheld pension monies just sit in PBGC coffers in Washington, D.C. The funds should instead be flowing to these retirees and their families living in Ohio communities where unemployment remains too high. Such added revenue would be of great help the economies of still-struggling Ohio communities, just like job creation would do.
Some months ago, we presented to former Youngstown mayor and current U.S. Labor Department official Jay Williams several proposals for quickly restoring our pensions. None of our proposals requires taxpayer funds or for Congress to pass legislation. Williams forwarded them to the White House, but the only response we got was three months later, from Williams, who essentially offered federal tax dollars to retrain our retirees so they could find new jobs.
This is really a no-brainer: Take non-taxpayer funds the PBGC already has, and pay our middle-class retirees the pensions they earned in Ohio communities where they continue to live.