Turner seeks to make Delphi retiree health coverage permanent [Dayton Daily News, Ohio]
Dec. 7—U.S. Rep.
"We represent working people who have been left without affordable health insurance since
The credit provides refundable tax credits to cover more than 70% of the cost of health insurance premiums for two kinds of workers: those who have been certified to have lost their jobs due to outsourcing, and eligible retirees whose pensions have been taken over by the PBGC, Turner's office said.
The PBGC took over the pensions of Delphi salaried retirees in 2009 after the former
Most Delphi salaried retirees saw their pensions diminished greatly when the PBGC assumed control of the pensions, reduced by up to 70% in some cases, while
"Since its inception in 2002, this program has been reauthorized seven times — providing much-needed benefits to workers in such positions," Turner and Golden also said. "These people worked hard their whole lives and don't deserve the uncertainty and stress of relying on a program that could expire every year or two. That's why we must ensure that a permanent reauthorization is included in any end-of-year tax extenders legislation."A
Also signing the letter to Speaker
The letter text can be found here.
In July, the House approved the Susan Muffley Act in a bipartisan 254-to-175 vote. That bill stalled in the
Turner's office said he is now working with colleagues in a bipartisan, bicameral effort to have
___
(c)2022 the Dayton Daily News (Dayton, Ohio)
Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com
Distributed by Tribune Content Agency, LLC.


Agency Information Collection Activities: Proposed Collection; Comment Request; National Flood Insurance Program Policy Forms
Agency Information Collection Activities: Proposed Collection; Comment Request; National Flood Insurance Program Policy Forms
Advisor News
- Dutch gambling tax hike falls short as prediction markets eye World Cup
- Caregiving: A challenge that costs employers billions
- Could your practice benefit from an advisory board?
- SEC nears settlement with accused scammer Tai Lopez
- The 3 things that shrink your Social Security income
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
- Trademark Application for “EMPOWER YOUR MONEY” Filed by Empower Annuity Insurance Company of America: Empower Annuity Insurance Company of America
- Built-in guaranteed annuities: What advisors should know
- Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
- Why job boards are failing insurance agencies
More Annuity NewsHealth/Employee Benefits News
- They Harvest the Nation's Food, but a New Rule May Strip Them of Health Insurance
- Colorado hospitals poised to receive $455 million Medicaid funding boost
- State Health Plan brings back Blue Cross NC, approves Novant and UNC Health deals
- Findings in Type 2 Diabetes Reported from Institute of Urban and Demographic Studies (Impact of Health Insurance Coverage on Diabetes Care Quality: A Systematic Review and Meta-analysis of Racial, Ethnic, and Gender Disparities in U.S. Adults …): Nutritional and Metabolic Diseases and Conditions – Type 2 Diabetes
- Nassau University Medical Center Researchers Provide New Study Findings on Health and Medicine (Health insurance payor type and care deviations in patients with trauma with lower extremity fractures): Health and Medicine
More Health/Employee Benefits NewsLife Insurance News
- Could your practice benefit from an advisory board?
- AM Best Revises Outlooks to Stable for Missouri Farm Bureau Group’s Members and Farm Bureau Life Insurance Company of Missouri
- Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
- AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited
- Reliance Matrix Expands Employee Navigator Integration with New Evidence of Insurability (EOI) API Enhancement
More Life Insurance News