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Delphi Pensions: Key Events Leading to Plan Terminations
GAO-13-854T: Published: Sep 11, 2013. Publicly Released: Sep 11, 2013.
The termination of the six defined benefit plans that were sponsored by the Delphi Corporation (Delphi) and the provision of benefit protections to some Delphi employees, but not others, culminated from a complex series of events involving Delphi, the General Motors Corporation (GM), various unions, the U.S. Department of the Treasury (Treasury), and the Pension Benefit Guaranty Corporation (PBGC)...