UAW addresses fallacies, omissions in NBC News report
All Delphi employees had their pensions terminated and put into Pension Benefit Guaranty Corporation , and only workers under a 1999 contract that required GM to cover Delphi pension shortfalls had their pensions made whole.
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#1 Nov 30, 2012
There was no legal need for GM to top off the pensions of union represented employees only. All previous contracts were non-enforceable due to the GM bankruptcy. Unfortunately, due to political ties, the unions benefitted where others lost.
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