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Ryan bill would help Delphi, GM retirees
TweetWARREN — 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
This is not likely to go far, because of the great dislike of Unions in the house. In the mind of the congress and senate only they deserve to have good health care and vested pensions after one term.
I am not sure if this is just for show on Ryan's part or not, but even though it will effect me and other union brothers and sisters I do not believe it is the responsibility of the tax payers of the country to fund this.
The money was there in a special fund created by Delphi and GM, and should have been used for what it was intended,,,,the retirees.
This won't happen. Who is Ryan trying to fool?
why be so negative? your elected representative is trying to help you. next you will probably say he doesn't do anything for the union.
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????