Delphi retirees still waiting to regain lost pensions

·1 min read

Salaried Delphi employees will have to keep waiting to see whether lawmakers will pass a plan so they can get their pensions.

>>‘A 13-year nightmare;’ Delphi retirees one step closer to regaining lost pensions

When General Motors filed for bankruptcy in 2009, around 20,000 salaried workers lost their pensions, about 2,000 still live in the area.

The U.S. House passed the plan last month, the plan did not get unanimous consent in the U.S. Senate this past week.

News Center 7′s James Brown spoke with Tom Rose, a Delphi retiree living in Springboro, about a timeline for the Senate to pass this plan.

“It’s expected to go into a bill as part of another bill, be attached to another bill, perhaps the tax-extenders bill at the end of the year,” he said.

“It could still possibly go as a standalone bill, but definitely get through the Senate this year,” Rose told Brown.

>>Previous Story: House passes bill to restore pensions for Delphi retirees 13 years after GM bankruptcy

Salaried retirees like him have waited 13 years to back their lost pensions.

“We are really quite optimistic,” Rose said. “We had 36 Republicans and most Democrats vote to pass this bill in the House, and it also has bipartisan support in the Senate.”

Rose said he lost about 40% of his pension but other people lost as much as 70%.