Lockport Union-Sun & Journal Online Delphi

Still no answers for Delphi retirees

2010-08-01T00:59:01-04:00

Twenty-two thousand Delphi Corp. retirees found out 16 months ago their pensions were being turned over to a federal agency. In July 2009, the Pension Benefit Guaranty Corp. took control of those pensions, which meant possible cuts of anywhere from 30 percent to 70 percent in the retirement plans.
Hourly employees faced the same situation, except General Motors agreed to top off those pensions. Salaried retirees did not have their pensions topped off by anyone.
Now they want to know why. Letters, testimonies and speeches have asked the U.S. Treasury Department, the department’s Auto Task Force and the Obama Administration for information on that decision was made.

Delphi retirees group came together quickly

2010-08-01T00:53:11-04:00

Salaried workers and retirees lost big chunks of their pensions in July 2009, and almost as quickly, the Delphi Salaried Retiree Association was formed.
The DSRA actually started forming when it was announced Delphi was eliminating health care and life insurance benefits for salaried retirees as of April 1, 2009. There are roughly 22,000 salaried Delphi retirees nationwide.

DELPHI: UAW supports salaried retirees' fight for pension equity

2010-01-27T21:39:00-05:00

The United Auto Workers are supporting Delphi salaried retirees who are fighting to save their pensions.

DELPHI: Salaried retirees gain key support in fight against pension cuts

2009-12-03T00:49:00-05:00

Delphi Corp. salaried retirees and employees have gained a vote of support from some members of the U.S. House of Representatives.

BUSINESS: Delphi emerges from bankruptcy

2009-10-07T01:57:00-04:00

DELPHI: Approval of bankruptcy exit plan hailed by local political leaders

2009-07-31T02:18:00-04:00

Local political leaders hailed as good news Thursday’s announcement about the approval of Delphi Corp.’s bankruptcy exit plan.

BUSINESS: Delphi asking court for bid approval

2009-07-30T01:08:00-04:00

A hearing on Delphi Corp.’s plan to hand control of the company to its lenders and eventually end its nearly four-year stay in Chapter 11 got under way Wednesday in New York City with arguments from attorneys representing the auto supplier and some of those objecting to the plan.

DELPHI: Auto parts maker in court today on bankruptcy exit plan

2009-07-28T21:19:00-04:00

Delphi Corp. will be in court today asking for approval of a modified plan that could end a four-year adventure in Chapter 11 bankruptcy.

DELPHI: Creditors win in auction for company's assets

2009-07-27T23:59:00-04:00

Auto parts maker Delphi Corp. said Monday its creditors won out over a California private-equity firm in an auction for the company’s assets as it moves to emerge from bankruptcy protection.

DELPHI: GM buy-back progresses; retiree benefits gain support

2009-07-13T22:59:00-04:00

Support has come for both General Motors’ plan to buy back Delphi plants and for Delphi’s salaried retirees.