Letter to the Hon. Janet Yellen, Secretary of the Treasury, the Hon. Martin J. Walsh, Secretary of Labor, and the Hon. Gina M. Raimondo, Secretary of Commerce - Demanding Answers from Department Heads on Status of Delphi Salaried Retirees Report

Letter

Dear Secretary Yellen, Secretary Raimondo, and Secretary Walsh:

We write to inquire into the status of the report of the Delphi salaried retirees terminated
pensions, and the recommendations from you and your respective agencies, as requested by the
Memorandum from the President on Pensions of Delphi Corporation Retirees and Other Retirees
Covered by Vulnerable Pension Plans, issued by President Donald J. Trump on October 22,
2020. Specifically, this presidential memorandum requests that the Secretary of Treasury,
Secretary of Commerce, and Secretary of Labor review the Delphi pension matter and inform the
President of any appropriate actions that may be taken to address the lost pension benefits,
including potential legislation, and to bring additional transparency to the original decision to
terminate the plan.

In 2009, the Delphi Salaried Pension Plan was unfairly terminated. This unfair action devastated
the long-term financial security of the almost 22,000 salaried employees at Delphi whose
benefits were significantly reduced. These employees deserve the benefits they have earned.

As of June 10, 2021, we have not seen this report or have been made aware of its completion.
We understand this review was due on January 20, 2021 -- before you assumed your current
roles. We believe it is important that Congress still have the opportunity to review the
recommendations provided by your agencies.

As such, we ask you to provide us with an update on the status of the report. Specifically, we ask
you to inform us when work on this report commenced, when you expect this report to be
completed, and when Congress can expect to receive a copy for review. Please know that we
stand ready to work with you to ensure the Delphi retirees, and all American workers can be
secure in the benefits they have earned.