WASHINGTON, D.C. — U.S. Sen. Sherrod Brown said he will introduce legislation next week to transfer money from the sale of government stock in General Motors to supplement retirement benefits lost by Delphi salaried retirees.
“Many Delphi retirees have yet to receive the pensions they earned and deserve,” said Brown, a Democrat from Avon, in a announcement today. “Now that General Motors is profitable once again and the federal government is preparing to sell its stake in the company, a portion of the proceeds should be used for those shortchanged retirees.”
The 2009 Delphi bankruptcy left about 20,000 of the company’s salaried retirees, including 1,500 in the Mahoning Valley, without health and life insurance, and pension cuts of 30 percent to 70 percent.
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