U.S. President Trump is Taking Unprecedented Steps to Protect Pensions of American Workers

The White House

PROTECTING AMERICAN AUTOWORKERS: President Donald J. Trump is taking action to address the Obama administration’s decision to terminate the pension plans of non-union and salaried autoworkers of the Delphi Corporation.

  • Today, President Trump issued a Presidential Memorandum directing his Administration to review the Obama administration’s decision to terminate the pension plans of Delphi Corporation’s non-union and salaried workers.
    • When Delphi Corporation spun off from General Motors (GM) in 1999, its union workers received a deal from GM to protect their pensions, while non-unionized and salaried workers did not.
    • After both companies went bankrupt, Delphi’s union pensions were fully protected while its non-union and salaried pensions were not.
    • The non-union and salaried retirees have spent the last decade in legal and financial limbo as they challenged this decision in the Federal courts.
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