Delphi pressure valve Thousands of additional hourly workers would be eligible for retirement. Retirees would earn more and have better health care benefits than if they worked for the wages that Delphi is seeking as part of Chapter 11 negotiations.
GM has agreed to provide 7 years of credited service to hourly workers to allow them to retire early if Delphi cuts or terminates its pension plan. Here's the impact.
Most of Delphi Corp.'s UAW employees may end up earning more by going fishing than by working for Steve Miller's cut-rate wages.
