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Increased Pension Benefits for Delphi and Other Company Workers

The Susan Muffley Act of 2023 aims to increase guaranteed pension benefits for participants in certain plans, including former Delphi employees. This means these individuals will receive higher monthly pension payments and a lump-sum payment for past underpayments, including interest. These changes directly impact the personal finances of thousands of retirees, providing them with greater financial security.
Key points
Increased monthly pension benefits to the full vested amount for eligible participants of selected plans, including Delphi.
Lump-sum payments for past benefit underpayments, plus interest (6% annually), to be made within 180 days of the Act's enactment.
Establishment of a special trust fund within the U.S. Treasury to finance the increased pension payments.
Option to spread the taxation of the lump-sum payment over three tax years, potentially easing the tax burden.
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Additional Information
Print number: 118_HR_735
Sponsor: Rep. Turner, Michael R. [R-OH-10]
Process start date: 2023-02-01
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Susan Muffley Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_735.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-01.

What are the main provisions?

Key points include:

  • Increased monthly pension benefits to the full vested amount for eligible participants of selected plans, including Delphi.
  • Lump-sum payments for past benefit underpayments, plus interest (6% annually), to be made within 180 days of the Act's enactment.
  • Establishment of a special trust fund within the U.S. Treasury to finance the increased pension payments.
  • Option to spread the taxation of the lump-sum payment over three tax years, potentially easing the tax burden.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Turner, Michael R. [R-OH-10].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Benefits Labor Taxes