August 13, 2014

White House Blocks Auto Workers from Enjoying Pensions




[From article]
Remember when Washington rushed to nationalize the U.S. auto industry with $80 billion in taxpayer "rescue" funds and avoid contested court termination proceedings? Behind closed doors, the Obama administration's auto team schemed with labor bosses from United Automobile Workers to preserve union members' costly pension funds by screwing over their nonunion counterparts. The federally backed Pension Benefit Guaranty Corp., which had the fiduciary duty to represent the best interests of all the Delphi workers, helped sacrifice the nonunion employees at the UAW altar. While union pensions were topped up with tax-subsidized auto bailout funds, nonunion pensioners were left high and dry.
In addition, the nonunion pensioners lost all of their health and life insurance benefits. The abused workers — most from hard-hit northeast Ohio, Michigan and neighboring states — had devoted decades of their lives as secretaries, technicians, engineers and sales employees at Delphi/GM. Some workers saw up to 70 percent of their pensions vanish.
[. . .]
Treasury used "their influence to make certain that the outcome was politically desirable to the administration, and the Delphi salaried retirees (lost) their pensions."
The Delphi workers have fought for five cruel years to force Treasury and the PBGC to disclose the full truth. The scheming feds have defied the workers' public records requests and withheld more than 7,000 pages of critical emails and documents from the workers, who've been mired in time-consuming litigation that has cost millions of dollars.
[. . .]
"For more than four years, U.S. taxpayer-paid government lawyers have taken advantage of every procedural roadblock the law allows to hide emails and other evidence that the court has ordered be given to us," the Delphi Salaried Retirees Association explained.
[. . .]
The next time Democrats claim to care about American workers, remember the sacrificial lambs of Delphi, their heartache and their ongoing legal battle against stonewalling bureaucrats. The crony-driven Obama culture of corruption built that.

Jewish World Review
July 25 2014 / 27 Tammuz, 5774
Still Fighting: The Delphi Workers Obama Robbed
By Michelle Malkin

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