Monday, August 20, 2012

Side by Side

Conservative group’s new ad highlights Delphi pension scandal - Daily Caller

The ad — titled “Side by Side” — focuses on what the organization sees as the Obama administration’s unfair treatment of non-union Delphi retirees. While those workers’ pensions were terminatde and discounted to a fraction of their previous values, unionized employees found their pensions topped up and made whole.

Emails TheDC obtained and first published on Aug. 7 show senior White House and Treasury officials were behind the termination of pensions for 20,000 non-union Delphi salaried retirees.

Those emails show that the Treasury Department was the driving force behind terminating those pensions, a move made in 2009 while the Obama administration implemented its auto bailout plan.

The emails contradict sworn testimony in which several Obama administration figures have consistently claimed that the decision to terminate the pensions came from the Pension Benefit Guaranty Corporation (PBGC).