Indiana 2024 2024 Regular Session

Indiana Senate Bill SR0053 Introduced / Bill

Filed 03/08/2024

                    Introduced Version
SENATE RESOLUTION  No. ___
DIGEST OF INTRODUCED RESOL UTION
A SENATE RESOLUTION to urging the Indiana federal
congressional delegation to support the Susan Muffley Act.
BUCK, DONATO, BECKER,
RANDOLPH
                     , read first time and referred to Committee on
2024	RR 3538/DI SM Introduced
Second Regular Session 123rd General Assembly (2024)
SENATE RESOLUTION ____
MADAM PRESIDENT:  
I offer the following resolution and move its adoption:
1 A SENATE RESOLUTION to urging the Indiana federal
2 congressional delegation to support the Susan Muffley Act.
3 Whereas, The Susan Muffley Act is bipartisan legislation
4 that seeks to restore the full vested monthly benefits for eligible
5 participants of certain pension plans that were sponsored by
6 Delphi Corporation and terminated as a result of General
7 Motors' bankruptcy in 2009;
8 Whereas, Delphi Corporation was the largest domestic
9 automobile parts manufacturer of its time and was responsible
10 for transformative innovation, such as the self-starting engine,
11 ring terminal, radio with mechanical push-button presets, and
12 safety power steering, with General Motors accounting for the
13 majority of their sales and profit;
14 Whereas, Many companies unwillingly filed for bankruptcy
15 as a result of the Great Recession, the biggest global economic
16 downturn since the Great Depression, which devastated world
17 financial markets as well as the banking and real estate
18 industries during the late 2000s;
19 Whereas, During this time, the United States Pension
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1 Benefit Guaranty Corporation assumed responsibility for
2 terminated benefits nationwide, including those of General
3 Motors, but only paid affected individuals up to a statutory
4 maximum benefit which for many fell far below what they
5 would have received under previous benefit plans; 
6 Whereas, Over 21,000 Delphi Corporation salaried
7 retirees, including more than 4,000 Hoosiers, experienced
8 unexpected and significant losses to their benefits;
9 Whereas, On July 12, 2023, Senators Sherrod Brown and
10 Mike Braun filed S.2277, now named after Susan Muffley of
11 Russiaville, Indiana, the spouse of a Delphi employee affected
12 by General Motors' bankruptcy who was inspired by her
13 family's inability to afford medical care and fought tirelessly as
14 a core leader of the Delphi Salaried Retirees Association for
15 the restoration of lost benefits nationwide until her passing in
16 2012; and
17 Whereas, Enactment of the Susan Muffley Act would
18 recognize the hardships experienced by Delphi Corporation
19 salaried retirees nationwide and rectify the financial losses
20 which have plagued them for over a decade:  Therefore,
21	Be it resolved by the Senate of the
22 General Assembly of the State of Indiana:
23 SECTION 1. That the Indiana Senate urges the Indiana
24 federal congressional delegation to support the Susan Muffley
25 Act.
26 SECTION 2. The Secretary of the Senate is hereby directed
27 to transmit copies of this Resolution to the Indiana federal
28 congressional delegation.
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