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Full Pension Restoration and Back Pay for Delphi Retirees.

This Act aims to restore the full promised pension benefits for thousands of former Delphi employees whose plans were taken over by the PBGC. Retirees will begin receiving higher monthly payments, matching their original, full vested benefits. Crucially, they will also receive a large, one-time lump-sum payment covering the years they received reduced benefits, plus 6% interest.
Key points
Delphi retirees will receive the full amount of their promised pension, bypassing the standard maximum benefit limits set by the PBGC.
A lump-sum payment will be issued for all past underpayments, calculated with an additional 6% annual interest rate.
Taxpayers can choose to spread the income tax liability for the lump-sum payment over a three-year period.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_1895
Sponsor: Rep. Spartz, Victoria [R-IN-5]
Process start date: 2025-03-06
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Delphi Retirees Pension Restoration Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1895.

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 2025-03-06.

What are the main provisions?

Key points include:

  • Delphi retirees will receive the full amount of their promised pension, bypassing the standard maximum benefit limits set by the PBGC.
  • A lump-sum payment will be issued for all past underpayments, calculated with an additional 6% annual interest rate.
  • Taxpayers can choose to spread the income tax liability for the lump-sum payment over a three-year period.
What is the specific legal status?

The current status is Introduced.

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. Spartz, Victoria [R-IN-5].

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 2025-12-23.

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