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This year the auto parts producer shed its health care and life insurance obligations to salaried retirees and released all employee pensions to an agency backed by the federal government.
That means about 700 salaried Delphi employees in the Dayton area must live on reduced pensions and pay their own insurance.
Salaried Delphi retirees -- many of whom spent most of their careers working for General Motors Corp. -- are watching in disbelief as their hourly Delphi counterparts hold on to some health benefits and some pension support from GM. They're watching as their salaried GM counterparts retain pensions, if not health benefits.
"We're not talking about taking anything away from the unions," said Den Black, a Dayton-area native and interim head of the 6,000-member Delphi Salaried Retirees Association. "What we're talking about is getting what we earned."
Robert "Steve" Miller, Delphi's former executive chairman, acknowledges the anger that salaried retirees feel.
"I regularly apologize to many salaried retirees who send me e-mails," Miller said in a recent Wall Street Journal interview. "They say things like, 'May you rot in hell. How are you ever going to be able to face your maker?' "
Lindsey Williams, spokesman for the new Delphi Holdings LLP, said the issue was part of another company's history.
"Delphi Corp. worked diligently to find a workable solution to its pension funding issue that would allow the company to exit Chapter 11," he said.
To see more of the Dayton Daily News, or to subscribe to the newspaper, go to http://www.daytondailynews.com. Copyright (c) 2009, Dayton Daily News, Ohio Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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