Bill proposes U.S. sell GM stock to fund Delphi retiree pensions

A new proposal to sell $1 billion of government-held General Motors stock to help restore Delphi white collar retirees pensions was balked at by one group attempting to build up the underfunded pension. The Delphi Salaried Retires Association has said it would prefer to reestablish its pension fund through other methods than selling government stock. Den Black, chairman of the association, said the organization would prefer to refund the pension without using taxpayer money or undergo the slow legislative process.

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