Delphi Retirees Impatient with PBGC

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Delphi Retirees Impatient with PBGC
Pensions & Investments

July 17, 2014

"Sen. Sherrod Brown, D-Ohio ... asked Labor Secretary Thomas Perez ... to intervene. 'This delay is unsatisfactory and deeply troubling -- contradicting the PBGC's policy to reach a final determination within 3 years of a plan's termination,' they wrote, asking for 'a clear timetable' from the PBGC and a response from Mr. Perez within a month. Mr. Perez's office declined to comment." MORE >>

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