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Ryan bill would help Delphi, GM retirees



Published: Sat, August 1, 2009 @ 5:44 p.m.

WARREN — U.S. Rep. Tim Ryan of Niles, D-17th, introduced legislation in Washington that would provide funding for a Voluntary Employees Beneficiary Association (VEBA), which would cover Delphi hourly and salaried employees and retirees who lost their health coverage through Delphi and GM’s Chapter 11.

The bill, introduced Friday, instructs the Treasury Department to place $3 billion of unused money from the Emergency Economic Stabilization Act of 2008 (TARP) into a health-care trust for Delphi retirees who lose their health coverage through Delphi and GM’s Chapter 11 bankruptcies. The VEBA will provide health care at levels similar to that which retirees are either receiving or received before Delphi’s bankruptcy.

Ryan was joined by Thaddeus McCotter (R-MI), as well as Ohio Democratic Reps. Betty Sutton, Mary Jo Kilroy, Marcy Kaptur, Dennis Kucinich, Charlie Wilson and John Boccieri as original co-sponsors.


Comments

1rocky14(762 comments)posted 5 years, 11 months ago

You are a taxpayer too,so you would just be getting some of your money back.

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2UnionForever(1470 comments)posted 5 years, 11 months ago

This won't happen. Who is Ryan trying to fool?

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3kickinem(2 comments)posted 5 years, 11 months ago

What about all the Delphi Contract Employees in E&R and throughout the rest of Warren operations that spent years working for the company only to be let go and forgot about????

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