Wednesday, September 5, 2012

Disaffected Delphi workers to rally against Obama for transparency, accountability

As a scandal develops surrounding the Obama administration’s termination of 20,000 non-union Delphi Corp. salaried retirees’ pensions, many of those disaffected workers plan to rally on Thursday in Dayton, Ohio.
At 10 a.m. at least 200 retirees who lost their pensions during the Obama administration’s auto bailout will join Ohio Republican Rep. Mike Turner at a rally outside a shuttered Delphi plant in Dayton to demand transparency from the Obama administration and accountability from government officials responsible for the decisions that led to their losses.
“Delphi salaried retirees who lost their pensions want to make the point very clear that the Obama administration took their pensions and that they should be restored,” Turner said in a phone interview with The Daily Caller. “When they look at the politics, the back-door dealing, the crony capitalism — they know this was wrong and they think it needs to be fixed, and so do I.”
Thursday is also the deadline for the Obama Treasury Department, the Pension Benefit Guaranty Corporation (PBGC) and the White House to comply with a House Ways and Means Committee document request pertaining to this scandal. It’s unclear whether Treasury Secretary Tim Geithner, the PBGC and the White House will meet that deadline.
On Aug. 7, TheDC published internal PBGC emails showing senior White House and Treasury officials were behind the pension terminations. Those emails demonstrate that Geithner and his Treasury Department were the driving force, and contradict sworn testimony in which several Obama administration figures have said that the decision to terminate the pensions came from the PBGC. (RELATED:Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions)
The PBGC is a federal government agency that handles private-sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.
Federal law requires that PBGC is the only government entity that may initiate termination of a pension or move toward doing so.

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