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Introduced on February 13, 2025 by Michael R. Turner
This bill would restore full pension payments to certain Delphi retirees whose plans were cut when General Motors went bankrupt in 2009. The federal pension agency would recalculate monthly checks to the full amount workers earned and send back pay for past underpayments with 6% interest, with those back payments made within 180 days after the bill becomes law .
It also sets up a special Treasury fund to cover these costs and explains how taxes work on the back pay, letting most people spread the tax over three years unless they choose otherwise .
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