Delphi Retirees

Dave Muffley poses July 11 outside one of the Delphi Corporation plants in Kokomo, Ind. [AP PHOTO/MICHAEL CONROY]

WASHINGTON — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of General Motors Corp., and expected to retire with a comfortable income by the time he hit 62.

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(1) comment

Toby Davis

It’s sad to see these former employees not get what they were promised, however, it does sound like they are getting a portion of it. This should be a lesson for any current and future salaried workers not to depend on corporate pensions, but put aside savings of their own such as stock or mutual funds as corporations can and do fail depending on the economy. While I understand the former workers plight, I can’t 100% agree on a government bailout, when our government is already in billions of dollars of debt itself.

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