Delphi's salaried retirees could get their pensions cut

Michigan autoworkers are bracing for another hit.

This time it's the salaried retirees from the Delphi Corp., the parts supplier to GM, that will take an almost direct hit by having their pensions taken over by the federal government.

This story from mlive.com outlines how as early as next month the federal bankruptcy court could move pension responsibilities for Delphi salaried workers to the federal Pension Benefit Guaranty Corp

The result is that some pensions could be cut dramatically.