Posts tagged Delphi
Op-ed: The Delphi bailout Congress shouldn’t pay
July 24, 2026 // Some media reports claim that 20,000 former Delphi employees lost their pensions, but the PBGC confirms that 14,300 of the plan’s approximately 20,000 participants have received every dollar of the pension benefits they earned. Only about 5,700 experienced any reduction, either because their benefits exceeded the $54,000 statutory insurance limit, or because they earned early-retiree benefits the PBGC does not insure. Most of those reductions were modest. About 60% of affected participants lost less than one-fifth of their promised pension,