Susan Muffley Act of 2025
Susan Muffley Act of 2025
Plain Language Summary
# Summary of the Susan Muffley Act of 2025 **What the bill would do:** This bill would restore full pension benefits to former Delphi Corporation employees whose pensions were reduced when General Motors went through bankruptcy in 2009. The Pension Benefit Guaranty Corporation (PBGC), a federal agency that protects pensions, would recalculate what these retirees should receive and pay them the difference they've owed since the benefits were cut. The bill also creates a special fund with federal money to cover these payments and clarifies how the payments are treated for taxes. **Who it affects:** The legislation directly affects thousands of Delphi retirees and their families who lost pension income during GM's financial crisis.
These workers would receive additional monthly payments going forward, plus a one-time lump-sum payment to make up for the years of reduced benefits they've already received. **Current status:** The bill was introduced in the 119th Congress by Representative Michael Turner (R-Ohio) and is currently in committee, meaning it has not yet been debated or voted on by the full House. The bill has not become law.
CRS Official Summary
Susan Muffley Act of 2025This bill restores the full vested monthly benefits for eligible participants of certain pension plans that were sponsored by Delphi Corporation and terminated as a result of General Motors' bankruptcy in 2009.The Pension Benefit Guaranty Corporation (PBGC) must recalculate and adjust each plan participant's monthly benefits payment. The PBGC must also apply the recalculation to previously-made monthly payments and make a lump-sum payment for any additional benefits based on the recalculation.The bill establishes and provides appropriations to a fund for the payment of these benefits and specifies how the lump-sum payments are treated for tax purposes.
Latest Action
Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.