Indiana House Bill HR0002

Indiana 2025 Regular Session

• Introduced: 1/13/25
• Passed: 1/13/25

Caption

Urging the Indiana federal congressional delegation to support the Susan Muffley Act.

Impact

The resolution highlights the hardships faced by over 21,000 former Delphi salaried employees, over 4,000 of whom reside in Indiana. These retirees experienced unexpected and substantial losses to their retirement benefits due to the actions of the United States Pension Benefit Guaranty Corporation, which only compensated retirees up to a statutory benefit maximum. The resolution emphasizes the urgent need for legislative action to rectify these long-standing financial losses.

Summary

HR0002 is a resolution urging the Indiana Congressional delegation to support the Susan Muffley Act, bipartisan legislation aimed at restoring full vested monthly benefits to eligible participants of certain pension plans that were sponsored by Delphi Corporation. These pension plans were notably disrupted due to the bankruptcy of General Motors in 2009, which significantly impacted a large number of Delphi salaried retirees.

Contention

The Susan Muffley Act, which was inspired by a key figure in the Delphi Salaried Retirees Association, seeks to address issues of inequity and financial struggle faced by these retirees. Supporters of the act argue that it would restore not only lost benefits but also a measure of economic dignity to those affected by corporate bankruptcy decisions, while critics may raise concerns about the financial implications for the pension guarantee system on a broader scale.