The Adobe Flash Player is required to view this multimedia interactive. Get it here.

Delphi pension focus of hearing

A House panel will discuss the effect of company’s move on salaried retirees.

Supporters trying to keep aviation film festival on this year
4:01 p.m.
Local pharmacist joins online cardiac venture
11:07 a.m.
Over 300 jobs expected from grants to Dayton, Springfield companies
11:47 a.m.
Company trains new workers to prepare for possible $4M contract
2/8/10
New stores coming to Monroe outlet mall
2/8/10
> More headlines

By Thomas Gnau, Staff Writer Updated 1:41 AM Saturday, November 28, 2009

As far as Den Black is concerned, having a congressional hearing focused on Delphi Corp. pensions is critical.

“It’s about 11 out of 10,” said Black, 62, a Piqua native and chairperson of the Delphi Salaried Retirees Association. “We’ve been months and months building our congressional communication, our congressional education, our congressional support.”

The U.S. House Committee on Education and Labor will host a hearing Wednesday, Dec. 2, on how Delphi’s surrender of its pensions to the Pension Benefit Guaranty Corp. last summer (PBGC) affects retirees.

An Oct. 29 Senate hearing explored pensions in general without focusing on Delphi pensions, Black noted. But next week’s hearing will focus on what he calls the “Delphi debacle.”

Black’s hope is that the event will lead to a “remedy” for Delphi retirees. As the PBGC takes over Delphi pensions, salaried retirees expect a sharp cut in pensions. General Motors Corp. — which once owned Delphi — has pledged to make whole the pensions of hourly retirees.

No one from the Dayton area has been invited to testify, but Kettering resident Tom Rose, a Delphi salaried retiree, plans to attend the hearing on Capitol Hill. The moment is remarkable considering that the DSRA “wasn’t even a group seven months ago.”

“We want results,” Rose said. “Our theme has been all along that we want fair and equitable treatment.”

DSRA is suing the PBGC, the federal Automotive Task Force, the U.S. Treasury and GM in Michigan federal court for “funding those pensions fully,” Black said.

Contact this reporter at (937) 225-2390 or tgnau@DaytonDailyNews.com.

Share this article

ADD COMMENT

Comments feed

Ret. Sgt...you hit the nail on the head. We have A LOT of serious problems and none them have been addressed for a long time!

Spade is a Spade
3:56 PM, 11/28/2009

REPORT ABUSE

IMHO, the reason the congressional approval rating is so low (In the teens at last check) is not necessarily what political party in in operative power, but that NEITHER party seems to be working toward the better good of the COUNTRY, but moreso that they are working for the better interests of their PARTY. When the repubs were in power, the DEMS blocked everything, now that the DEMs are in power, the REPUBS are blocking everything. The word compromise has been lost in DC

RETIRED SGT
3:50 PM, 11/28/2009

REPORT ABUSE

Ret. Sgt...that is exactly my point. Republicans blame dems.. Dems. blame Repbs.. When in all actuallity BOTH are part the problem. The final part of the problem is US. We keep electing the same people who only have their own interest at heart...financial gain. We don't hold our leaders accountable. We just grandstand for those who are the majority and fail to see what they are doing wrong...in the present.Neither side can brag about anything.

Spade is a Spade
3:46 PM, 11/28/2009

REPORT ABUSE

Sarg,

Good read I like this at the end:

"The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding."

What is more we need solutions, cooperation, and compromise in Washington to fix this, not petty bickering and finger pointing.

Jerome
3:27 PM, 11/28/2009

REPORT ABUSE

Getting back to you Spade is Spade...

From factcheck.org.

http://www.factcheck.org/elections-...

RETIRED SGT
3:14 PM, 11/28/2009

REPORT ABUSE

There are 23 additional comments

SHOW ALL

We welcome your comments. Please remember this is a public forum and behave appropriately. Your comments must conform to our visitor's agreement.