[Congressional Record (Bound Edition), Volume 158 (2012), Part 7]
[House]
[Page 9240]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        DELPHI SALARIED RETIREES

  (Ms. HOCHUL asked and was given permission to address the House for 1 
minute.)
  Ms. HOCHUL. Imagine you got up every day of your adult life working 
for the same company, helping build the American auto industry. You 
worked hard, but you're proud because you're part of something bigger 
than just collecting a paycheck--you're part of rebuilding the economic 
engine that gave us the middle class. You counted on a pension, life 
insurance, and health insurance when you retired, because that's what 
you were promised. You thought you lived the American Dream--until one 
day that dream turned into a nightmare.
  That's what happened when GM spun off Delphi Corporation in 1999 and 
later filed for bankruptcy, and over 20,000 salaried employees were 
left out to dry. Family finances were ruined all across this country, 
including the cities of Lockport and Rochester in my district. This 
must be corrected. That's why I'm delighted to see the reemergence of 
GM as a global powerhouse.
  But we cannot forget these individuals. I've called on this 
administration for their help. I've not received an adequate response 
from the Department of Labor and the Department of Treasury. And I call 
on the President to take up the cause of these retirees because they 
need our help. Their promises are broken, and it's our responsibility 
to help them at this time.

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