Judge tosses out suit by Delphi pensioners against Treasury
Delphi Corporation walked away from pensions covering around 70,000 people during the company's bankruptcy proceedings in 2009. The Detroit News reports that those pensions were underfunded by around $7 million and that the Pension Benefit Guaranty Corporation took responsibility for $6.1 million of the deficit. That marks the largest loss in the institution's history. Even so, some pensioners may lose as much as 65 percent of their benefits, including life and health insurance.
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