United States’ President, Donald Trump, has ordered a review of decade-old pension cuts to some retirees at a former General Motors parts unit.
According to Reuters’ report, Trump’s memo ordered the head of the Treasury, Commerce and Labor departments to “address” cuts to non-union retiree pension payments within 90 days at Delphi Corp after the pension plan was turned over to the Pension Benefit Guaranty Corp in 2009.
The cuts impacted about 20,000 salaried retirees, including many in Ohio, a key state in the 2020 presidential election. (Reuters)
©Copyright MOTORING WORLD INTERNATIONAL.
All rights reserved. Materials, photographs, illustrations and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior written permission from Motoring World International