Lockport Union-Sun & Journal — Delphi retirees took a big step toward finding some answers Monday with a long-awaited release of several thousand pages of e-mails and documents held by the Pension Benefit Guaranty Corporation.
The PBGC on Thursday — 20 months after it was ordered to do so by a federal judge — made its first document production, turning over approximately 62,000 pages requested by the retirees in an ongoing lawsuit.
The pension agency said it would make a second production of a similar size by month’s end. The materials concern the PBGC’s 2009 termination of the pension plan of more than 20,000 current and future salaried Delphi retirees during the auto bailout, resulting in the reductions of earned pensions by as much as 70 percent.
Having already reviewed more than 100,000 pages of discovery from non-governmental parties involved in the matter, the retirees are confident they can prove the PBGC illegally terminated the Delphi salaried retiree pension plan in 2009 under pressure from President Barack Obama’s Auto Task Force, which reported to the U.S. Treasury Department.
The retirees’ rights under federal labor law and the U.S. Constitution were trampled, according to the retirees’ lawsuit.