The U.S. House Committee on Education and the Workforce has requested that the Treasury Department release all documents and correspondence related to the government's decision-making regarding the pension plans of Delphi Corp., a subsidiary of General Motors.
The committee sent a letter to Treasury Secretary Tim Geithner and Pension Benefit Guaranty Corp. Director Joshua Gotbaum requesting documents and communications regarding the government's decision that resulted in Delphi Corporation union members receiving more favorable treatment than their nonunion coworkers.
The PBGC terminated Delphi Corporation's pension plans in 2009 as part of General Motors' restructuring deal, which was approved by the Obama administration.
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