Delphi Retirees Pension Restoration Act increases pension benefits for certain Delphi retirees.

The Delphi Retirees Pension Restoration Act increases the benefits guaranteed in connection with certain pension plans for Delphi retirees. The Pension Benefit Guaranty Corporation must recalculate the monthly benefits for eligible participants and beneficiaries, ensuring they receive the full vested plan benefit. The act also mandates lump-sum payments to eligible participants and beneficiaries to cover past-due benefits, adjusted for foregone interest. The costs of these payments are funded using the unobligated balance of the Pension Benefit Guaranty Corporation's fund.

Delphi Retirees Pension Restoration Act increases pension benefits for certain Delphi retirees.

The Delphi Retirees Pension Restoration Act increases the benefits guaranteed in connection with certain pension plans for Delphi retirees. The Pension Benefit Guaranty Corporation must recalculate the monthly benefits for eligible participants and beneficiaries, ensuring they receive the full vested plan benefit. The act also mandates lump-sum payments to eligible participants and beneficiaries to cover past-due benefits, adjusted for foregone interest. The costs of these payments are funded using the unobligated balance of the Pension Benefit Guaranty Corporation's fund.