Oversight Presses Treasury to Deliver Delphi Pension Documents

“We have written to you multiple times on this matter and have yet to receive a sufficient response…Despite our repeated requests for all responsive documents and communications, the Treasury Department has only proffered a limited number of documents, many of which were already publicly available. Documents recently made public under the Freedom of Information Act, however, demonstrate that the Treasury Department was “the driving force” behind the decision to terminate the pensions of Delphi’s salaried employees. Although the Treasury Department has maintained that PBGC alone made the decision to terminate the pensions of Delphi’s salaried employees, these documents appear to indicate that Treasury Department officials and members of President Obama’s Auto Task Force played a large role in this decision,” write Issa and Turner.