Norm Goddard transferred back to GM from Delphi in March 2000. In May 2006 he applied for retirement from GM. After 30 years of service he wanted out. He was looking forward to the $35,000. When he went to the Benefits Office to sign his retirement papers the document stated that he hired into Delphi in 1976. "That's a lie," Norm said. "Delphi wasn't even around in 1976. I hired in at GM." The Benefits Rep informed him that if he signed the document he agreed to everything it said. Norm refused. "I worked less than nine months for Delphi." He has 24 years of pension credits with Delphi, a bankrupt company that never operated independent of GM.
When Delphi was spun off from GM in 1999 John Goshka had 34 years seniority. He chose to keep working. "I had children in college," he said. When John retired in 2004 he had 39 years of credited service with Delphi. At age 60 John doesn't know what will happen to his pension or his health care. His 34 years of GM time were dumped into Delphi.
When Delphi offered two choices, retire or transfer away from home and likely give up his trade as a toolmaker, Mike Wittek decided to call it quits. He signed up for the Special Attrition Program [SAP] and went out with only 21 years of credited service. Though he hired in at GM, he left with a Delphi pension and a bad taste in his mouth….
GM had transferred all [the] pension credits to Delphi at the time of the spin off in 1999.
Now Delphi was bankrupt. GM's contractual agreement to guarantee the Delphi pension expires at the end of this contract in October 2007. What happens if Delphi decides to stop pension payments in 2008, after the guarantee expires?
