Delphi, formerly part of GM, has not made its payments to its pension plan for the past three months. PBGC is dunning them for $900,000,000. Like many pension plans, this one was underfunded by a small amount, $3 billion. Delphi has been in bankruptcy for three years. Will their 85,000 workers get their pension?
Maybe they'll get it from the $50 billion loan the auto companies are asking us for.
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