US - The Delphi Salaried Employees Association (DSEA) is considering taking legal action to oppose this week's ruling determining its affiliates' pension fund will be assumed by the Pension Benefit Guaranty Corporation (PBGC).
The company's modified reorganization plan approved last Monday (June 1) stated Delphi will abandon its pension fund as it emerges from bankruptcy. Under this plan, the hourly pension plan will ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
