Nationwide, more than 20,000 Delphi pensioners and others lost as much as 70% of their vested benefits. That happened as part of the General Motors bankruptcy in 2009.
Sens Rob Portman and Sherrod Brown introduced legislation that will extend for four years the Health Coverage Tax Credit for retirees who lost their health care coverage in addition to their pensions and other benefits when their employers either entered into bankruptcy or laid off workers due to foreign trade, the senators jointly announced Thursday.