The Delphi Salaried Retirees Association has 690 members in Indiana.
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updated: 11/6/2009 8:33:23 AM
Delphi Retirees Expand Lawsuit
The Delphi Salaried Retirees Association (DSRA) is expanding a lawsuit on the termination of pension plans to include federal and business officials. U.S. Treasury Secretary Timothy Geithner, former Obama Administration Automotive Task Force Head Steven Rattner and "new" General Motors leader Ron Bloom. DSRA Interim Chairman Den Black notes that union retirees have had their pensions restored by GM and funded with federal dollars, while the pensions of salaried retirees remain terminated.
Source: Inside INdiana Business
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Press Release
Delphi Salaried Retirees Association (DSRA) has expanded its law suit filed in Federal District Count of Michigan on Sept. 14, 2009, against the Pension Benefit Guaranty Corporation (PBGC) to include among others, Timothy Geithner, and the U.S. Department of Treasury; Steven Rattner, and the Administration’s Automotive Task Force he then headed; Ron Bloom, the current head, and the “New” General Motors.
"During the past several months we have all witnessed the obvious favoritism the government has shown to those Delphi retirees who are affiliated with organized labor. We are all painfully aware of the unequal treatment we have received at the hands of the U.S. government,” according to Den Black, interim chairman of DSRA.
"While all Delphi retirees’ pensions were terminated during the company’s bankruptcy proceedings, retirees who carried a union card have had their pensions fully restored by the “New” GM, at the direction of the Government and using tax payer dollars,” he added.
The amended lawsuit filed Thursday, Nov. 5, 2009 seeks to address this unequal treatment and alleges that the expanded list of defendants have violated salaried retirees’ constitutional rights under the First and Fifth Amendments by only “topping-up” the pensions of union retirees.
In the amended complaint, DSRA ask the Court to require that the government grant salaried retirees equal treatment with the other Delphi Retirees, either by requiring the “New” GM to divide the money it has already set aside for the “top-ups” of union plans and share it equally with salaried retirees, or alternatively, “top-up” salaried plans as well.
"While private companies are not normally subject to the constitutional guarantees, we allege that the government’s unprecedented involvement with and control of “New” GM has clearly made it a governmental actor. In addition to equitable relief, we also sue “New” GM, Secretary Geithner, and Messrs. Rattner and Bloom for damages for violating our constitutional rights. All we ask is for fair and equitable treatment. All we ask is for what we have earned,” Black concluded.
Source: Delphi Salaried Retirees Association
