Email List Sign Up

Delphi pension recipients face changes

Wednesday, July 22, 2009

Delphi pension recipients face changes

David Shepardson / Detroit News Washington Bureau

The 70,000 Delphi workers and retirees covered by its pension plans will face a new world after the government’s insurer of pensions — the Pension Benefit Guaranty Corp. — takes over responsibility for the pension plans. Here’s what recipients can expect:

• Within a few months, the PBGC will send a welcome packet to Delphi pension plan participants.

• In the meantime, frequently asked questions and an introductory video can be found on the auto sector page at

• Within six months or so of the date the PBGC becomes trustee, plan participants will get a preliminary calculation of how much their benefits — if any — will be reduced

• Within about three years, Delphi recipients will get a final calculation of their benefits and will learn whether they have to repay any benefits to the government’s insurer.

• The PBGC is seeking to set a termination date of July 22 for the plans, which means after that date current employees won’t accrue any additional years of service.

Seniority Lists
Recent Posts!
Bargaining Committee

Mike Herron
Tim Stannard
Zone at Large – 1st
Danny Taylor
Zone at Large – 2nd
Mark Wilkerson
Joe McClure
Chad Poynor
Steve Roberts
Derek Lewis
Bill Cundiff
Kirk Zebbs
Don Numinen
Jay Minella
Danny Bragg
Chris Hill
Rashad Thomas
Keith Oswald
Chris Brown

1853 Officers

Tim Stannard
Mike Herron
Vice President
Darrell DeJean
Financial Secretary
Mark Wunderlin
Recording Secretary
Peggy Mullins
Trustee (3)
Jay Lowe
Dave Clements
Dave Spare
Sgt. at Arms
David C Spare
Ashley Holloway
E-Board at Large (2)
David Ryder
Steve Roberts
GM Unit Chair
Mike Herron
Leadec Unit Chair
Larry Poole
Ryder Unit Chair
Patrick Linck
AFV Unit Chair
Neil Osborne
Retiree Chair
Mike Martinez

Get Text Alerts


*Standard text messaging rates may apply from your carrier