Delphi retiree Ken Hollis still upset
It's a story that won't go away. And it doesn't look good for President Obama in an election year.
Delphi has survived bankruptcy. But its former white collar retirees are still upset they lost big parts of their pension and other benefits along the way. A spokesman for the group, Ken Hollis of Clarkston says there about 6 thousand Delphi non union retirees in Michigan.
Their plans were involuntarily terminated by the PBGC (Pension Benefit Guarantee Corp.) in 2009 while at the same time the UAW pensions were made whole. Delphi salaried pensions were reduced anywhere from 30-70%, leaving many in very difficult situations and needing to continue working well past their planned retirement. Recently, as part of a lawsuit, material has been made available for review.
It is clear that some of the decisions made were unfair. Although Hollis isn't coming right out and blasting President Obama, others in the group are. They say the President is aware of a proposal that would resolve their pension issue at no taxpayer expense. They've received some UAW and bi partisan support and want to get the word so resolution can be pushed forward.
Here's a FOX News story on the subject: http://video.foxnews.com/v/1777128798001/non-union-delphi-retirees-slam-obama-over-pension-cuts/
For more information, check out their website: http://www.delphisalariedretirees.org/delphi/
A new ad has been created at: http://www.youtube.com/watch?v=IyJ34HIMJw4&feature=share
