Susan Muffley Act of 2025
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Bill details
Summary
Introduced in House
Susan Muffley Act of 202 5 This 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.
District impact notes
The Susan Muffley Act of 2025 aims to restore full pension benefits for eligible participants of certain Delphi Corporation pension plans. • This legislation could matter locally by potentially impacting the financial security of retirees who were affected by the termination of their pension plans. • Local institutions and services may see changes in demand if more retirees have increased disposable income from restored benefits. • There may be questions about how the Pension Benefit Guaranty Corporation will implement the recalculations and manage the associated funding for these benefits. AI-generated from official bill summary and plain-English note; verify with official text.
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