Delphi Retirees Pension Restoration Act
Sponsored By: Representative Spartz
Introduced
Summary
Guarantee full vested pension benefits for certain Delphi and affiliated plans. This bill would require the Pension Benefit Guaranty Corporation (PBGC) to recalculate guaranteed monthly benefits for eligible participants and beneficiaries and pay any shortfalls as lump sums with interest.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Restore full Delphi pensions with back pay
If enacted, retirees and beneficiaries in six named Delphi plans would have their guaranteed benefit set to their full vested amount, without the usual caps or phase-in limits. The federal pension insurer (PBGC) would recalculate past payments and raise future monthly checks. PBGC would also pay a lump sum within 180 days for past underpayments, plus 6% yearly interest. You must be eligible for payments and not covered by the 1999 GM top‑up deals to qualify.
Spread taxes on pension make-up payment
If enacted, most lump-sum make-up payments would be taxed over three years by default. Each year, you would include one‑third of the payment in income, unless you elect out under IRS rules. If you die before three years end, the rest would be taxed in your year of death. A surviving spouse with a PBGC survivor benefit could elect to report those remaining amounts instead.
How the pension agency would fund this
If enacted, the pension agency would pay these higher benefits and its costs from the ERISA fund’s unobligated balance. It would not change prior asset allocations or recoveries for the covered plans, and normal practices would continue unless this bill says otherwise. A technical fix would clarify that these benefits count under the ERISA fund rules.
Sponsors & CoSponsors
Sponsor
Spartz
IN • R
Cosponsors
Turner (OH)
OH • R
Sponsored 3/6/2025
Rep. Rulli, Michael A. [R-OH-6]
OH • R
Sponsored 3/6/2025
Rep. Scott, Austin [R-GA-8]
GA • R
Sponsored 3/6/2025
Langworthy
NY • R
Sponsored 3/6/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 3/6/2025
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 3/6/2025
Rep. Tenney, Claudia [R-NY-24]
NY • R
Sponsored 3/6/2025
Stutzman
IN • R
Sponsored 3/6/2025
LaMalfa
CA • R
Sponsored 3/6/2025
Rep. Wilson, Joe [R-SC-2]
SC • R
Sponsored 3/6/2025
Rep. Hamadeh, Abraham J. [R-AZ-8]
AZ • R
Sponsored 3/6/2025
Rep. Kaptur, Marcy [D-OH-9]
OH • D
Sponsored 3/6/2025
Carson
IN • D
Sponsored 3/6/2025
Davidson
OH • R
Sponsored 5/21/2025
Rep. Taylor, David J. [R-OH-2]
OH • R
Sponsored 5/21/2025
Rep. Stevens, Haley M. [D-MI-11]
MI • D
Sponsored 5/21/2025
Rep. McDonald Rivet, Kristen [D-MI-8]
MI • D
Sponsored 7/10/2025
Kelly (PA)
PA • R
Sponsored 9/8/2025
Rep. Barrett, Tom [R-MI-7]
MI • R
Sponsored 10/6/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 2/2/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov