US - The Delphi Salaried Retirees Association (DSRA) has hired law firm Krieg de Vault to challenge Delphi Corporation's announced intention of allowing its salaried pension program to default to the Pension Benefit Guaranty Corporation (PBGC).
Earlier this month, DSRA told GP it was considering taking legal action to oppose a ruling determining its affiliates' pension fund will be assumed by the PBGC as a result of the company's modified...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders