Administration Proposes $1 Billion for Delphi Retiree Pension Restoration

The Trump administration is requesting Congress to allocate $1 billion to reinstate pension benefits for thousands of former Delphi Corp. salaried retirees. This funding is included in a broader supplemental appropriations package. The initiative aims to resolve a long-standing issue stemming from General Motors' 2009 bankruptcy and the subsequent federal auto industry bailout.