Hearing
Delphi Pension Fallout: Federal Government Picked Winners & Losers, So Who Won and Who Lost?
Chairman Issa Preview Hearing Statement
Today’s hearing will examine what happened with the Delphi Pension plan in the midst of the federal government’s bailout of General Motors in 2009. While the pensions of unionized Delphi workers were largely protected as Delphi went through bankruptcy thanks to guarantees coming from the federal government/GM, non-union salaried Delphi employees saw their pensions greatly reduced.
Delphi – originally a ...