Delphi Retirees Pension Restoration Act

This bill restores pension benefits for retirees affected by the termination of specific Delphi pension plans. It requires the Pension Benefit Guaranty Corporation (PBGC) to recalculate monthly benefits to the "full vested plan benefit" (the amount retirees would have received without prior reductions) and pay lump-sum payments for past underpayments, including 6% annual interest. The law applies to retirees of six Delphi pension plans, including the Delphi Hourly-Rate Employees Pension Plan and Delphi Retirement Program for Salaried Employees, who are currently receiving benefits or eligible for future payments. Payments will be funded from existing PBGC resources without changing prior asset allocations.