Congressman Tim Ryan today issued the following statement in response to the U.S. Supreme Court declining to hear the Delphi retirees' case against the Pension Benefit Guaranty Corporation (PBGC):
“I am deeply disappointed that the U.S. Supreme Court has declined to hear the case brought by the Delphi retirees against the PBGC to restore their pensions. When the Delphi Salaried Pension Plan was terminated, this devastated the long-term financial security of the almost 22,000 salaried employees at Delphi whose benefits were subsequently reduced.
Today’s decision highlights the need for Congressional action to restore their pensions and provide them with the retirement benefits that they have always deserved. I will continue to work with my colleagues in both parties to do just that.”
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