US - New York senator Charles Schumer has urged General Motors chief executive Fritz Henderson to reverse the decision to refer the pension plans of the Delphi Corporation's salaried retirees to the Pension Benefit Guaranty Corporation (PBGC).
Delphi's modified reorganization plan approved on June 1 stated Delphi will abandon its pension fund as it emerges from bankruptcy. (Global Pensions; June 2, 2009) Under this plan, Delphi's sala...
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