E-MAILS SHOW GEITHNER, TREASURY TERMINATED PENSIONS OF NON-UNION WORKERS

In what may contradict testimony by Obama administration officials under oath and may be a violation of federal law, The Daily Caller obtained emails that show Timothy Geithner’s Treasury Department “was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company,” and the move, according to The Daily Caller, “appears to have been made solely because those retirees were not members of labor unions.”

As The Daily Caller notes, “Under 29 U.S.C. §1342, the PBGC is the only government entity that is legally empowered to initiate termination of a pension or make any official movements toward doing so” and “the White House and Treasury Department have consistently maintained” the PBGC “independently made the decision to terminate the 20,000 non-union Delphi workers’ pension plan.”

These emails contradict sworn testimony by several Obama administration figures and is yet another example of Obama’s administration misleading lawmakers, the courts, and the public -- as they did with Obamacare -- when it came to these pension cuts. 

Via: Breitbart

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