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GAO Testimony: Key Events Leading to Termination of Delphi Pension Plans
U.S. Government Accountability Office [GAO] 
Sept. 11, 2013
22 pages. "[C]ourt filings and statements from GM and Treasury officials suggest that Treasury deferred to GM's business judgment on decisions about the Delphi pension plans -- that is, their sponsorship and the decision to honor existing top-up agreements.... Treasury agreed with GM's assessment that the company could not afford the potential costs of taking over sponsorship of the Delphi hourly plan, but that the company had solid commercial reasons to honor previously negotiated top-up agreements with some unions.... Treasury's multiple roles created potential or perceived conflicts of interests." [GAO-13-854T, published Sept. 11, 2013, released Sept. 11, 2013]
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