Bergman Fights to Restore Retirement Benefits for Delphi Retirees in Michigan

Yesterday, Representative Jack Bergman and 16 of his colleagues in the House of Representatives introduced the bipartisan Susan Muffley Act, which will restore the retirement benefits of Delphi Salaried Retirees – including 5,859 Michiganders – and provide backpay for the pension payments that should have been received for the past 15 years.

In 1999, the Delphi Corporation was created as a parts and components supplier to automakers as a spin-off from General Motors. In 2009, the Pension Benefit Guaranty Corporation (PBGC) terminated the pensions of more than 20,000 Delphi Salaried Retirees, who then lost the value of their retirement benefits. The salaried retirees saw significant losses in their benefits, with some losing as much as 70% of those retirement benefits.

“This bipartisan legislation is critical to help those Michigan retirees who were left high and dry by the termination of their retirement benefits. The Susan Muffley Act will correct this unfair decision and return the pensions to hardworking Americans who rightfully earned them,” Rep. Jack Bergman stated.

The Delphi Salaried Retirees have been fighting to restore their pension benefits. Named for a member of the Delphi Salaried Retirees Association (DSRA) leadership who passed away before the restoration of their pensions, the Susan Muffley Act would correct this unjust termination of benefits for those affected by the PBGC decision. Beneficiaries who have already begun receiving benefits will receive a lump sum payment of the difference between what was actually paid by PGBC and would have been paid without the limitations, plus 6% interest.

Read the full text of the bill here.