Stabenow touts federal pension bill
2006-10-09
Source: The Saginaw News
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rss feedA new federal law requires companies to pay pensioners or face a financial penalty even if the business has declared bankruptcy, U.S. Sen. Debbie Stabenow of Lansing told dozens of Delphi Corp. retirees in Saginaw.
"It's your money, and you should have it, and it's a promise that every corporation, including Delphi, should keep," the Democrat told a crowd of about 60 people during a re-election campaign stop Friday at the United Auto Workers Local 699 Hall, 1911 Bagley.
Stabenow, who also took aim at the imbalance in U.S. trade on auto imports, appeared with fellow Democrats state Rep. Carl M. Williams of Saginaw, a state Senate candidate, and Amos Williams, a candidate for state attorney general.
Delphi has declared bankruptcy and laid off or offered buyouts to thousands of workers in an attempt to cut costs.
Stabenow said she was outraged when she met with Delphi Chief Executive Officer Robert "Steve" Miller after the corporation declared bankruptcy.
That's when he told her employees would have to work for less and pay more for health care to compete with low-wage earners globally, "a losing strategy, and I don't want to win that race," she said.
"This is not about people working for less in the United States of America," she said. "It's about leveling the playing field."
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