Increased Pension Benefits for Former Delphi and Other Company Employees.
The Susan Muffley Act of 2025 aims to increase pension benefits for thousands of former employees of companies like Delphi. This means individuals who lost part of their pensions due to company bankruptcies may receive higher monthly payments and a lump-sum payment for past-due benefits with interest. Funds for this purpose will come from a specially established trust fund.
Key points
Increased monthly pension benefits to the full vested amount for eligible participants in certain pension plans, e.g., Delphi.
Lump-sum payments of past-due benefits, including 6% annual interest, for individuals whose benefits are recalculated.
Establishment of a dedicated trust fund within the U.S. Treasury to cover the costs of increased benefits and related administrative expenses.
Option to spread the taxation of the lump-sum payment over three tax years, unless the taxpayer chooses otherwise.
Status:
Introduced
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