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Congressman Turner questioning cuts to Delphi pensions
By Jessica Wehrman Washington Bureau
U.S. Rep. Mike Turner is protesting the fact that the Pension Benefit Guaranty Program has failed to produce responses to questions Turner submitted last November over how and why officials decided to to cut Delphi salaried retiree pensions by as much as 70 percent.
In a Feb. 2 letter to Joshua Gotbaum, director of the PBGC, Turner, R-Centerville, wrote that PBGC Deputy Director for Operations Vincent Snowbarger has repeatedly failed to produce responses to questions he submitted in November.
And speaking on the floor of the House this week, Turner said the agency has failed to release “even the most basic documents” about its decision to cut pensions for Delphi retirees. About 20,000 Delphi pensions were affected.
“The hard-working taxpayers whose tax dollars were used to pay for the auto bailouts deserve to know who made these decisions to cut these pensions and why they were made,” he said.
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