July 26, 2022

U.S. House of Representatives
Washington, D.C. 20515

Dear Representative,

You will soon be considering H.R. 6929, the Susan Muffley Act.  On behalf of the more than one million members and supporters of the Council for Citizens Against Government Waste (CCAGW), I urge you to oppose this legislation.

In 2009, the Delphi Corporation completed its four-year bankruptcy proceedings.  Prior to its bankruptcy, the company’s salaried employee pension plan was only 48 percent funded and the required pension plan contributions were not made while it was undergoing bankruptcy proceedings. 

Delphi’s pension plans were taken over by the Pension Benefit Guaranty Corporation (PBGC).  Currently, the PBGC is the trustee of more than five thousand single-employer plans. 

H.R. 6929 would use taxpayer dollars to provide the Delphi Corporation’s pension plans a lump sum to make up for the difference between the amount paid by the PBGC and the amount that would have been paid if the original pension plan had not been terminated. 

 H.R. 6929 would cost taxpayers more than $700 million over the next 10 years and set a bad precedent for taxpayer dollars to be used to fund privately-run pension plans.  For these reasons, I urge you to oppose H.R. 6929.  All votes related to H.R. 6929 may be among those considered for CCAGW’s 2022 Congressional Ratings.

Sincerely,

Tom Schatz
President, CCAGW 

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