Professor Norman Stein Discusses Delphi Employees' Continuing Fight to Restore Pension Benefits
September 24, 2012 — In a Sept. 23 Dayton Daily News article, Professor Norman Stein commented on Delphi employees' three-year fight to restore their full pensions.
According to the article, following the GM bailout in 2009, Delphi relinquished its pension benefits to the Pension Benefit Guaranty Corp. which later cut Delphi non-union employees' pensions from 30 to 70 percent. The employees have been seeking redress in both Congress and court. "I'm not super optimistic, but there are times when appeals to corporate conscience can have some impact," Stein said. Public opinion is ultimately on the side of the workers who "deserve to get what they are fighting for," Stein added.
Stein is a nationally recognized authority on pension law, employee benefits and tax law. In addition to producing a rich body of scholarship, he is a senior policy advisor to the Pension Rights Center and frequently testifies before Congress.
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