Page 876 - Pensions News Today

Of this company. >> steven ratter in says political fixes are wrong. he headed the auto task force to oversee the g.m. and chrysler bail-out and he tells fox news we had lots of conversation whether to require g.m. top off all the pensions. it was not easy to decide where to draw the line. >> ratner says the uaw had to be in factories if the g.m. bail-out would work and they drew the line at topping off the delphi uaw pension. bret? >> bret: steve, thank you. latinos are the second fastest growi...

Steve brown has an update from dayton, ohio. steve. >> behind me is the last operating delphi factory here in dayton. it used to employ 25,000 in this area now 300. back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that ...

Conversations. this is the economic portion of america thats been asked to do more. this is the portion of america thats had their voices in the workplace attacked, their pensions cut, their wages sliced and yet we see when theres an emergency as what we are seeing with this storm, they step up and they are americans. what does it say about this country in the middle of this hot, political debate that performances such as this are delivered by these americans? >> its pretty inspiring, ed. youre ...

Like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphis biggest auto parts customer gm and the obama administrations eagerness for a quick restructuring of the automaker, gm wanting labor peace agreed to restore pension to delphis union retirees. >> general motors made it whole again, then life was back on track. >> not for del tpaoeud salaried workers. their pensions remain slashed. >> th...

It canceled ils employee pension, handing off remain to the federal government. nightmare for delphi retirees. >> my pension went from $2,550 a month geis guaranteed to gettg $385 a month. >> dellny members were folks that the international union wanted help. if they fully restored the pension, the uaw would go along with the bail-out. g.m. agreed. >> when you first hear the union pensions are topped off, you would think yes, even would be treated fairly and equally. that was not the case. >> to...

Spoken this way. in ohio, according to quinnipiac, 52% of people in ohio think the economy is getting better. only 17% think its getting worse. lets keep that full screen up there. and tom brokaw, if youre barack obama, those are some of the best numbers you have seen in several years. >> thats true. you know, they have mixed feelings out in ohio. theyre very proud of the gains that theyve made. kov kovrner kasich has talked about that, he attributes it to change. he took a bit hit when he got d...

Even your friends in the unions, and pensions are sitting on a ticking time bomb of trillions in unfunded liabilities. he says trust him. >> dana: well, i think a lot of people across america are saying we have got to know you. we dont trust -- we trust that you, maybe you say what you mean. but let me give one example. in the debate on the sequestration piece. thats cuts in the defense bill from last year. president obama with the debate and romney sitting there, he says the cuts arent happenin...

A lot of women. guys say with any luck i wont need social security. your luck probably will run out. women live longer than men. they need medicare and social security. you will be worried about your parents because women tend to be more attentive to the parent situation. >> the caretaker. >> and children. theres child development, seniors care. all that array of issues that you could call if you want womens issues. >> and very much at risk with the romney/ryan presidency. the romney/ryan budget...

On who you ask. >> im asking you as a candidate for the u.s. senate. >> sure. i am angry and feel terrible that politicians like sherrod brown and others supported a process that stripped hard-working retirees in the youngstown area of their pensions. >> that doesnt answer the question. lets get back to the question. >> i personally would have had a very real problem with stripping these delphi -- >> no. >> please, sir, dont put words in my mouth. the premise -- >> somebody has to put words in y...

Guess who gets crushed? the poor. prices are skyrocketing. the middle class. no jobs. retirees on fixed income are broke. going back to work. even your friends in the unions, and pensions are sitting on a ticking time bomb of trillions in unfunded liabilities. he says trust him. >> dana: well, i think a lot of people across america are saying we have got to know you. we dont trust -- we trust that you, maybe you say what you mean. but let me give one example. in the debate on the sequestration p...