House Ways and Means chairman demands Delphi pensi

House Ways and Means chairman demands Delphi pension termination documents from Obama administration

Republican House Ways and Means Committee chairman Dave Camp demanded Wednesday that the U.S. Treasury Department and the Obama administration release records connected to an emerging scandal surrounding autoworker pensions terminated during the auto bailout. The Pension Benefit Guaranty Corporation (PBGC) and the Treasury Department axed pensions in 2009 for 20,000 non-union salaried retirees who worked for Delphi.

Those workers’ pension plans lost between 30 and 70 percent of their value , while similar plans covering members of the United Auto Workers and other labor unions were preserved and made whole.

Camp fired off letters to PBGC director Josh Gotbaum, Treasury Secretary Timothy Geithner and White House Counsel Kathryn Ruemmler, asking for documents by September 7. His committee seeks internal documents and communications relating to the decision-making process that resulted in those pension losses for non-union Delphi retirees.

THEY ARE STILL DEMANDING THESE DOCUMENTS!