Latest news with #SusanMuffleyActof2025
Yahoo
20-02-2025
- Business
- Yahoo
Bill to restore retirement benefits for Delphi retirees reintroduced in Congress
Legislation to restore the retirement benefits of some 20,000 Delphi salaried employees has been reintroduced to the U.S. Senate after failing to gain any traction in years past. U.S. Rep. Mike Turner, R-Ohio, and U.S. Reps. Marcy Kaptur; D-Ohio, Claudia Tenney, R- New York; and Gwen Moore, D-Wisconsin; reintroduced the Susan Muffley Act of 2025 last week. The legislation seeks to restore pensions for over 20,000 Delphi salaried retirees, including thousands in Indiana. When General Motors filed for bankruptcy during the Great Recession, the U.S. Pension Benefit Guarantee Corporation assumed responsibility for the terminated benefits but could not pay an individual more than a statutory maximum benefit. Therefore, retirees experienced losses to their benefits. 'I have remained steadfast in my fight to restore the pensions of Delphi Salaried Retirees,' Turner said in a statement. 'While this has been a long time coming, the strong bipartisan support gives us hope that we can finally right this wrong for those who lost their pensions.' Under the bill, retirees would receive a lump sum payment covering the pension benefits they should have received over the past 15 years, with 6% interest added to account for the delay. Moving forward, the legislation would fully restore their pensions, ensuring retirees receive the payments they were originally promised, as if the disruption had never occurred. For over a decade, the Delphi salaried retirees have been fighting to restore their benefits. In September 2009, the Delphi Salaried Retirees Association filed a lawsuit against the PBGC to restore their pension benefits. After losing decisions at lower courts, the DSRA petitioned to take their case to the U.S. Supreme Court, which declined to hear the case in January 2022. Congressional action is now the only option for restoring their pensions. The bill was introduced last year and passed the House, and it received support from then-President Joe Biden, but was not heard or voted on by the U.S. Senate or included in the year-end omnibus spending bill in the Senate, and thus died. The legislation is named after Susan Muffley, the late wife of Russiaville resident Dave Muffley. Susan Muffley was part of the DSRA's core leadership in the effort to restore their pensions. Dave worked at Delphi as an electronics technician for 31 years, but lost the full value of his pension in 2009. Despite health problems, Susan avoided seeing her doctor given her family's financial constraints due to losing their pension. She was ultimately diagnosed with pancreatic cancer and died Aug. 9, 2012. The legislation was introduced last year but never made it out of committee in either chambers.
Yahoo
14-02-2025
- Business
- Yahoo
Bill reintroduced in attempt to restore Delphi salaried retirees pensions
A bipartisan bill aimed at restoring pensions for thousands of Delphi Salaried Retirees in Ohio has been reintroduced. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Congressman Mike Turner (OH-10) joined representatives Marcy Kaptur (OH-09), Claudia Tenney (NY-24), and Gwen Moore (WI-04) to reintroduce the Susan Muffley Act of 2025. Named in honor of the late wife of a Delphi retiree, the legislation seeks to provide financial relief to those whose pensions were reduced or eliminated following Delphi's bankruptcy, according to a media release. TRENDING STORIES: Ohio National Guard member sentenced for rape conviction involving a minor Funeral arrangements announced for local university student killed in D.C. plane crash 13-year-old charged with murder of 64-year-old Ohio woman News Center 7 previously reported the Delphi Salaried Retirees group has been trying for the last 15 years to get their benefits restored. The group is retired, salaried workers who put in 30, 40, and even 50 years for General Motors and Delphi. When GM first went bankrupt and then was bailed out in 2006, they say their pensions went up in smoke. Under the bill, retirees would receive a lump sum payment covering the pension benefits they should have received over the past 15 years, with 6 percent interest added to account for the delay. We will continue to follow this story. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
13-02-2025
- Business
- Yahoo
Bill reintroduced to restore Delphi pensions
** 2024 coverage above ** DAYTON, Ohio (WDTN) — A bipartisan bill to restore pensions for retired salaried employees of Delphi has been reintroduced in Congress. The Susan Muffley Act of 2025 was introduced Feb. 13 by U.S. Rep. Mike Turner (OH-10) and other lawmakers. If passed and signed into law, the SMA would restore pensions for more than 21,000 retirees, including roughly 5,180 in Ohio. 'Named in honor of the late wife of a Delphi retiree, the legislation seeks to provide financial relief to those whose pensions were reduced or eliminated following Delphi's bankruptcy,' said a release. For several years, former U.S. Sen. Sherrod Brown assisted alongside Turner in the attempt to help restore the pensions. U.S. Rep. Gwen Moore (WI-04) said she joined the effort because she claims it has been too long for the former Delphi employees to have funds restored to them. 'It's past overdue for Delphi salaried workers to be made whole through the restoration of their pensions,' said Moore. 'That's why I am proudly joining this important bipartisan effort to ensure these workers receive the retirement benefits they have earned and deserve.' According to Turner, it may finally be the time that funds are distributed to retirees. 'I have remained steadfast in my fight to restore the pensions of Delphi Salaried Retirees,' said Turner. 'While this has been a long time coming, the strong bipartisan support gives us hope that we can finally right this wrong for those who lost their pensions.' While operational, a number of Delphi plants were located across the Miami Valley. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-02-2025
- Business
- Yahoo
Turner steps up again for Delphi retiree benefits
Feb. 13—U.S. Rep. Mike Turner and his allies are having another go at restoring retirement benefits for retired Delphi managers and salaried employees. Turner, R-Dayton, joined Reps. Marcy Kaptur, D-Toledo, Claudia Tenney R-N.Y., and other members of Congress to reintroduce the Susan Muffley Act of 2025 in the U.S. House of Representatives. The move is the latest in a nearly 16-year legal and legislative battle by Delphi salaried retirees seeking to be made whole. An association of retired Delphi salaried employees sued the Pension Benefit Guaranty Corp. in 2009 after the agency took over employee pensions in the wake of Delphi's bankruptcy. The relinquishment of the pensions to the PBGC left Delphi salaried retirees with greatly diminished pensions, which stung particularly because GM continued contributing to the pensions of union-represented retirees, under the guidance of the then-new administration of President Barack Obama. That fight made its way through the federal court system until early 2022, when the U.S. Supreme Court decided not to hear arguments that Delphi salaried retirees had been wronged. If passed, the act would restore pensions for more than 21,000 Delphi salaried retirees, including some 5,180 in Ohio, Turner's office said in a statement Thursday. The bill is named in honor of the late wife of a Delphi retiree. "I have remained steadfast in my fight to restore the pensions of Delphi salaried retirees," Turner said in a statement. "While this has been a long time coming, the strong bipartisan support gives us hope that we can finally right this wrong for those who lost their pensions." An effort to advance the bill failed just before Christmas 2022 when the House Rules Committee did not include the measure in a final federal omnibus spending bill. U.S. Sens. Sherrod Brown, D-Ohio, and Mike Braun, R-Ind., re-introduced the act in the Senate in July 2023. Under the bill, Delphi salaried retirees would receive a lump sum payment covering the pension benefits they should have received over the past 15 years, with 6% interest added to account for the delay, Turner's office said. "Moving forward, the legislation would fully restore their pensions, ensuring retirees receive the payments they were originally promised, as if the disruption had never occurred," a statement from Turner's office said.
