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Bill Seeks Government Sale of GM Stock to Fund Delphi Pension Benefits
The legislation, which will be introduced next week when the Senate reconvenes, is intended to cover all benefits lost to hourly and salaried retirees when the Pension Benefit Guaranty Corp. took over the Delphi's six defined benefit plans in 2009. The plans were terminated as part of Delphi's Chapter 11 bankruptcy reorganization.
- By Kevin Olsen
- September 6, 2012
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