The U.S. House Committee on Education and the Workforce has requested that the Treasury Department release all documents and correspondence related to the government's decision-making regarding the pension plans of Delphi Corp., a subsidiary of General Motors.
The committee sent a letter to Treasury Secretary Tim Geithner and Pension Benefit Guaranty Corp. Director Joshua Gotbaum requesting documents and communications regarding the government's decision that resulted in Delphi Corporation union members receiving more favorable treatment than their nonunion coworkers.
The PBGC terminated Delphi Corporation's pension plans in 2009 as part of General Motors' restructuring deal, which was approved by the Obama administration.
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According to the letter, as part of the restructuring, union workers received their full pension benefits but nonunion workers did not.
The Subcommittee on Health, Employment, Labor, and Pensions previously held a hearing to examine the Delphi bankruptcy and its impact on workers and retirees. Following the hearing, committee Republicans wrote to Treasury Secretary Geithner requesting the release of all documents relating to the federal government's involvement in the restructuring of GM and Delphi's pensions plans. The letter claims that even though the Treasury Department said it would provide that information, the committee never received it.
"To better understand the role of the PBGC in this matter, it is critical the committee receive documents and information from PBGC and the Treasury Department, including those requested by committee members in December 2009," the letter stated. The committee gave the Treasury Department until Sept. 26, 2012, to comply with the request.
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