Rep. Moolenaar Supports Bipartisan Effort to Help Delphi Salaried Retirees

WASHINGTON, July 23 -- Rep. John Moolenaar, R-Michigan, issued the following news release:

Congressman John Moolenaar has a joined a bipartisan group of Members of Congress working to help restore the pensions of the Delphi Salaried Retirees. In a letter to Treasury Secretary Janet Yellen, Labor Secretary Marty Walsh, and Commerce Secretary Gina Raimondo, the members requested an update regarding any appropriate actions those departments may take to address the lost pension benefits. These departments were supposed to complete their report by January 2021 as requested by a presidential memorandum but it has not yet been completed.

"The Delphi Salaried Pension Plan was unfairly terminated. This unfair action devastated the long-term financial security of the almost 22,000 salaried employees at Delphi whose benefits were significantly reduced. These employees deserve the benefits they have earned," wrote Congressman Moolenaar and the other members Congress. "Please know that we stand ready to work with you to ensure the Delphi retirees, and all American workers can be secure in the benefits they have earned."

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July 20, 2021

To: The Honorable Janet L. Yellen, Secretary, U.S. Department of the Treasury, 1500 Pennsylvania Ave., NW, Washington, D.C., 20429

The Honorable Martin J. Walsh, Secretary, U.S. Department of Labor, 200 Constitution Ave., NW, Washington, D.C., 20210

The Honorable Gina M. Raimondo, Secretary, U.S. Department of Commerce, 1401 Constitution Ave., NW, Washington, D.C., 20230

Dear Secretary Yellen, Secretary Raimondo, and Secretary Walsh:

We write to inquire into the status of the report of the Delphi salaried retirees terminated pensions, and the recommendations from you and your respective agencies, as requested by the Memorandum from the President on Pensions of Delphi Corporation Retirees and Other Retirees Covered by Vulnerable Pension Plans, issued by President Donald J. Trump on October 22, 2020. Specifically, this presidential memorandum requests that the Secretary of Treasury, Secretary of Commerce, and Secretary of Labor review the Delphi pension matter and inform the President of any appropriate actions that may be taken to address the lost pension benefits, including potential legislation, and to bring additional transparency to the original decision to terminate the plan.

In 2009, the Delphi Salaried Pension Plan was unfairly terminated. This unfair action devastated the long-term financial security of the almost 22,000 salaried employees at Delphi whose benefits were significantly reduced. These employees deserve the benefits they have earned.

As of June 10, 2021, we have not seen this report or have been made aware of its completion. We understand this review was due on January 20, 2021 - before you assumed your current roles. We believe it is important that Congress still have the opportunity to review the recommendations provided by your agencies.

As such, we ask you to provide us with an update on the status of the report. Specifically, we ask you to inform us when work on this report commenced, when you expect this report to be completed, and when Congress can expect to receive a copy for review. Please know that we stand ready to work with you to ensure the Delphi retirees, and all American workers can be secure in the benefits they have earned.

See co-signers here: https://huizenga.house.gov/uploadedfiles/quill_-_delphi_final.pdf