President Donald Trump ordered a review of decade-old pension cuts to some retirees at a former General Motors auto parts unit, the White House said yesterday, 12 days before the Nov. 3 U.S. presidential election, Reuters reported. In a memo released by the White House, Trump ordered the heads of the Treasury, Commerce and Labor departments to address cuts to non-union retiree pension payments within 90 days at Delphi Corp after the pension plan was turned over to the Pension Benefit Guaranty Corp (PBGC) in 2009. The cuts affected about 20,000 salaried retirees, including about 5,000 in Ohio, a battleground state that could help decide an election pitting the Republican Trump against Democrat Joe Biden, the former vice president under President Barack Obama. The memo stops short of any specific plan to restore the pension cuts of Delphi salaried retirees, who experienced reductions of up to 70 percent.
