Turner seeks to make Delphi retiree health coverage permanent [Dayton Daily News, Ohio] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 7, 2022 Newswires
Share
Share
Post
Email

Turner seeks to make Delphi retiree health coverage permanent [Dayton Daily News, Ohio]

Dayton Daily News (OH)

Dec. 7—U.S. Rep. Mike Turner is joining a congressman from Maine in urging congressional leaders to make permanent the Health Coverage Tax Credit on which Delphi salaried retirees depend

"We represent working people who have been left without affordable health insurance since Congress allowed the program to expire at the beginning of the year," wrote Turner, R-Dayton, and Jared Golden, D-Maine. "The HCTC (Health Care Tax Credit) provides refundable tax credits to retirees whose pensions have been taken over by the Pension Benefit Guaranty Corp. (PBGC)."

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 Dayton auto parts manufacturer sought bankruptcy protection four years earlier.

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 General Motors — which owned Delphi before spinning it off in 1999 — continued to support the pensions of hourly, union-represented Delphi workers.

"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."

Also signing the letter to Speaker Nancy Pelosi and Republican Leader Kevin McCarthy were Reps Victoria Spartz, R-Indiana, and Daniel Kildee, D-Mich.

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, which would have restored the salaried retirees' full pensions, stalled in the Senate after an Idaho senator objected this summer.

Turner's office said he is now working with colleagues in a bipartisan, bicameral effort to have Congress send the legislation to President Biden, who has said he will sign it into law.

There is cautious optimism that the bill will still go forward.

Tom Rose, a Delphi salaried retiree and Washington Twp. resident, said there is hope that the legislation will be attached to an upcoming omnibus bill.

"Our 13 1/2 -year battle is hopefully coming to a successful conclusion in a few weeks," Rose told the Dayton Daily News in an email.

___

(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.

Older

Nebraska hospitals say it's getting harder to get insurers to pay them

Newer

Veterinary eye care market size is estimated to grow by USD 788.78 million from 2021 to 2026, Market is driven by rising pet ownership- Technavio

Advisor News

  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
  • Why advisors can’t afford to delay succession planning
  • 6 in 10 Americans struggle with financial decisions
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • El Rio taps experienced leader to oversee transition from North Country HealthCare to Elk Ridge
  • Many drop Obamacare and more likely will, SCC hears
  • Legislature advances bill limiting copays for Medicaid recipients
  • Legislature advances bill limiting copays for Medicaid recipients
  • BREAKING: MIKE ROGERS' HEALTH CARE PLAN INCLUDES NEW OUT-OF-POCKET COSTS AND HIGH-RISKS POOLS THAT INCREASE PREMIUMS
More Health/Employee Benefits News

Life Insurance News

  • WHAT THEY ARE SAYING: KATHLEEN COULOMBE JOINS ACU AS CHIEF ADVOCACY OFFICER
  • A-CAP Appoints Kirk Cullimore as President of Sentinel Security Life
  • Nationwide enters centennial year stronger than ever
  • AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries
  • AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet