Dayton Daily News: Treasury Dpt. agrees to meet with Delphi workers who had pensions cut

News

Dayton Daily News: Treasury Dpt. agrees to meet with Delphi workers who had pensions cut

Representatives of the U.S. Department of Treasury say they will meet with Delphi retirees who saw their pensions slashed by up to 70 percent as a result of the 2009 auto bailout.

Sens. Sherrod Brown, D-Ohio, and Rob Portman, R-Ohio, and three other U.S. senators sent a letter to Treasury Secretary Jacob Lew last month urging him to meet with Delphi salaried retirees to review their proposal to restore the lost pensions. In a letter sent to Brown yesterday, Alistair Fitzpayne, assistant secretary for legislative affairs for Treasury wrote that the department “is happy to schedule a meeting with” the retirees.

Read the full article »