Delphi retirees would get full pension benefits and lump-sum payments for past underpayments.
This bill would ensure certain retirees from six specific Delphi-related pension plans receive their full vested monthly benefits. The Pension Benefit Guaranty Corporation would recalculate past payments and issue lump-sum payments for any underpaid amounts, including 6 percent annual interest. This means affected retirees would get the full pension they earned.
Today, federal law limits the pension benefits guaranteed to some retirees when their plans end, meaning they might not receive their full earned amount. If this bill becomes law, eligible retirees from six specific Delphi-related pension plans would receive their full vested monthly benefits. This does not include certain hourly employees covered by 1999 General Motors union agreements. They would also get a lump-sum payment for past underpayments, including 6 percent annual interest, within 180 days of the bill taking effect.
HR 1895 · 119th Congress · March 6, 2025 · AI Summary by gemini-2.5-flash · 8/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.