Cafaro and Schiavoni Resolution Calls for Fairness in Protecting Pension Benefits
COLUMBUS – State Senators Capri S. Cafaro (D-Hubbard) and Joe Schiavoni (D-Canfield) are pleased the Ohio Senate voted unanimously today to pass SCR 23, a resolution they jointly sponsored to help Delphi retirees who have lost retirement benefits. The resolution calls on the Federal Government to treat all General Motors-Delphi retirees fairly and equitably.
“I am proud this resolution received unanimous bipartisan support in the Ohio Senate,” said Senator Cafaro. “All Delphi retirees deserve to be treated fairly regardless of whether they were salary or hourly employees.”
As a result of bankruptcy proceedings, all Delphi Corporation pension funds were transferred to the Federal Pension Benefit Guarantee Corporation. General Motors has agreed to fulfill pension obligations for Delphi hourly retirees represented by the United Auto Workers, IUE-CWA and the United Steel Workers. However, a similar agreement has not been reached for all Delphi retirees. In addition, many Delphi retirees have seen their health care benefits reduced or eliminated.
“Currently thousands of my constituents are without the benefits they were guaranteed and worked hard to secure,” said Senator Schiavoni. “Hopefully this resolution will be helpful in establishing fairness and giving the Delphi retirees what they have rightfully earned.”
SCR 23 now moves to the Ohio House of Representatives for further debate.
