Republicans: Workers and Retirees Deserve Answers About White House Role in Pension Deal MakingLetter to Treasury Secretary Geithner Seeks to Hold Administration to Promises of Accountability and Transparency
WASHINGTON, D.C.,
December 8, 2009
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Alexa Marrero or Ryan Murphy
((202) 225-4527)
Following a hearing last week in the Health, Employment, Labor, and Pensions Subcommittee on the bankruptcy of the Delphi Corporation, Reps. John Kline (R-MN), Tom Price (R-GA), Chris Lee (R-NY), and Michael Turner (R-OH) sent a letter to Treasury Secretary Tim Geithner requesting information on the Administration’s involvement in the bankruptcy proceedings. To date, inquiries about what role the White House’s Auto Task Force played in negotiating the bankruptcy – which included major losses in pension benefits for a significant portion of the Delphi workforce – have not been answered.
During the hearing, testimony confirmed that certain salaried employees of the Delphi Corporation are being denied full payment of their promised retirement benefits, while other portions of the workforce were protected and are continuing to receive full benefits. Republicans on the committee raised questions about the White House’s role in determining which employees would receive a lower pension payout. The letter to Secretary Geithner highlights the immediate need for greater transparency and clarification on the Administration’s part in the Delphi bankruptcy as well as its continued involvement in the American auto industry:
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