Youngstown News, Judge makes hourly Delphi pensions safe
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Judge makes hourly Delphi pensions safe


Published: Thu, November 12, 2009 @ 4:50 p.m.

Hourly retirees of Delphi Packard Electric will have their pensions restored under a court order.

Area retirees have been on edge since General Motors agreed Sept. 1 to make payments to restore the pensions.

Lauren Asplen, a spokeswoman for the International Union of Electrical Workers, said various legal issues had to be worked out before the deal between GM and Delphi Corp., a supplier that it used to own, was finalized.

Today, with those details resolved, Judge Robert Gerber approved the deal. He is overseeing the bankruptcy case in New York of the “old GM,” or the parts of the automaker that were not included when it emerged from bankruptcy protection.

For more on this story, please see Thursday’s Vindicator or www.vindy.com.


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