House OKs Long-sought pension rescue for Delphi retirees

By Patrick Hoff (July 28, 2022, 3:29 p.m. EDT) – The U.S. House of Representatives has passed a bill that would require the federal government to reimburse losses to retired employees of former auto parts supplier Delphi Corp. ., whose pensions were cut during the restructuring of General Motors in 2009.

The House voted 254 to 175 on Wednesday to pass the Susan Muffley Act of 2022, which would require the Pension Benefit Guaranty Corp. to recalculate benefits owed to about 20,000 retired employees of Delphi, a former GM subsidiary that entered Chapter 11 in 2005. The legislation is now heading to the Senate.

According to a summary of the bill compiled by the House of Ways and Means…

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