My Work On Behalf Of Delphi Salaried Retirees

I would like to update you on my efforts on behalf of the Delphi salaried retirees.  These hardworking men and women spent their lives paying into their retirement plans and helping build the American auto industry, only to lose their health care, their life insurance, and up to 70 percent of their pensions following Delphi's separation from General Motors and subsequent bankruptcy.         

I am committed to helping restore the benefits these retirees deserve.  That is why I met with the Assistant Secretary of the Treasury, Timothy Massad, who oversees the Troubled Asset Relief Program (TARP).   In the meeting, I pressed him to work with me, General Motors, and Delphi's retirees in order to restore their pensions and other earned benefits.  I also urged the Assistant Secretary to provide more transparency into the Treasury's intervention in the automotive sector, and I am pleased to announce that he was receptive to my request and committed to working with me toward that end.

This meeting followed several letters I wrote requesting that the Delphi salaried retirees' benefits be fully restored:

In addition, I have cosponsored legislation to require the Treasury to comply with Freedom of Information Act (FOIA) requests related to the treatment of the Delphi salaried retirees.  I am also watching closely for developments in the House Committee on Oversight and Government Reform, where Treasury officials recently pledged cooperation with a Special Inspector General's audit of TARP.

Please know that I will continue to advocate on behalf of Delphi's salaried retirees.  Should you have any questions, please do not hesitate to contact my D.C. office at (202) 225-5265.