Delphi Retirees Pension Restoration Act has not moved since its introduction on Mar 6, 2025, with cosponsors from both parties
Written by the Congressional Research Service [2]. 102 words.
Delphi Retirees Pension Restoration Act This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009. The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation. Monthly benefits under the bill must be paid using specified PBGC funds, and the bill specifies how the lump-sum payments are treated for tax purposes.
- Committees
- House Education and Workforce Committee
House Ways and Means Committee - Policy area
- Labor and Employment: 17 of 2,258 bills became law, 113th–118th (0.8%)
- Sponsor
- 1 of 42 bills enacted since 2013
- Text versions
- 1: introduced in house · 1,354 words
- Subjects
- Congressional oversightEmployee benefits and pensionsGovernment trust funds
- Latest action
- Mar 6, 2025: Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 1 in all.
Related, per CRS or House · 1
- 119th H.R. 1357 Susan Muffley Act of 2025 R · Introduced