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.