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Text of PBGC Motion for Summary Judgment in Participant Challenge to Termination of Delphi Salaried Employees Pension Plan (PDF)
Pension Benefit Guaranty Corporation [PBGC] 
Sept. 25, 2018
52 pages. "After unsuccessfully challenging the agreement to terminate the Plan in the Bankruptcy Court, Plaintiffs filed this action alleging that PBGC's termination of the Plan by agreement was improper. Over seven years of discovery have failed to reveal any factual or legal basis to support Plaintiffs' claims. Contrary to Plaintiffs' allegations, the termination of the Salaried Plan through agreement with the plan administrator is fully consistent with the express language of ERISA and well-established precedent." [Black v. PBGC, No. 09-13616 (E.D. Mich; motion filed Sept. 21, 2018)] [More information about this protracted litigation is on the PBGC website -- Editor]
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