Delphi salaried suggest UAW deal

The Delphi Salaried Retirees Association contends a special deal between the United Auto Workers and General Motors Corp.

[michigander58]

I have seen many complaints from Delphi salary retirees that salary and hourly retirees should be treated the same with respect to pensions. As a Delphi hourly retiree I reject this notion. While I feel bad for Delphi Salary retirees, they chose to be salary employees with no union to represent them and no contract to fall back on. I had an opportunity to be a salary employee but chose to remain hourly. The UAW and GM negotiated back in 1999 when GM spun off Delphi, that in the event Delphi terminated its pension plan, Delphi hourly retirees would receive the same pension benefits as if they were GM hourly retirees. This was contractual and that is why salary and hourly are being treated differently. If this guarantee had not been there than most hourly employees, myself included would not have retired.

[Joe]

Unfortunately, you miss the point that if U.S. Treasury had not spent billions of taxpayer dollars bailing out GM, the UAW hourly pension would have been treated the same as the salaried pension because GM could not have lived up to their UAW contract. Also, the UAW contract was negotiated with Old GM so New GM had no obligation to support the contract. They are only able to do so with money directly provided by U.S. Treasury.

[larry graves]

both side agreed to a contract. Delphi for years didnt pay into the retirement fund. They spent our money on other thing. Now Delphi want or as I should say are not going to live up the their end o f the bargain. Well, this I can tell you, if they get away with this robbey, all companies will follow suit. Good by American middle class, by the greed of the few this whole nation is on a course that will never be over come. Just wait and see Ford, Crysler and othe companies. Your time is coming.

[Flint Refugee]

It's funny how everyone has forgotten the pledge GM made in a public statement to the salary employees moving from GM to Delphi back in the late 1990s to the effect, paraphrased here; "you will not experience any adverse financial impact as the result of your transition from GM to Delphi"
I would love to hear from someone who saved a copy of that … it was probably from one of the early Delphi FAQs - Q&As, probably related to "Team Delphi"
Bottom-line, it'll be difficult to 100% convince people that the salaried should be treated the same as hourly Delphi retirees. However, anybody with a lick of sense should be able to see that Delphi salaried should get no less than salaried GM people.
The ultimate insult will be some Delphi salaried people with 20+ years previous GM seniority, going back as new hires with a "take it or leave it" employment offer to come out in the next couple of weeks. The GM & Delphi CEOs, boards, execs, et al, who crafted this mess back in the 90s … what prevaricators & hypocrites!

[Frank]

Flint Refugee wrote:

It's funny how everyone has forgotten the pledge GM made in a public statement to the salary employees moving from GM to Delphi back in the late 1990s to the effect, paraphrased here; "you will not experience any adverse financial impact as the result of your transition from GM to Delphi"
I would love to hear from someone who saved a copy of that … it was probably from one of the early Delphi FAQs - Q&As, probably related to "Team Delphi"
Bottom-line, it'll be difficult to 100% convince people that the salaried should be treated the same as hourly Delphi retirees. However, anybody with a lick of sense should be able to see that Delphi salaried should get no less than salaried GM people.
The ultimate insult will be some Delphi salaried people with 20+ years previous GM seniority, going back as new hires with a "take it or leave it" employment offer to come out in the next couple of weeks. The GM & Delphi CEOs, boards, execs, et al, who crafted this mess back in the 90s … what prevaricators & hypocrites!

"The great white lie of Delphi as soon as we became a supplier to GM the salary ranges went down. " You see salaried employees are working on a week to week basis. So with no union representation we set our selfs to get screwed bt Delphi management.

Delphi sucks!! "Don't get fooled again!!!

[Fred]

GM and Delphi spent your retirement money building facilities in other countries.