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FEDERALcongressional record

High Impact

Proposed Pension Benefit Adjustments for Specific Auto and Defense Plans

Original title: Text of Senate Amendment 6107

June 24, 2026

pensions defense spending retirement security federal budget

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The Frame

What this does

This amendment would change the monthly pension payments and provide back-pay lump sums for retirees in six specific plans, funded by a new Treasury trust fund.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Retirees of the six specified pension plans

These individuals will have their monthly pension benefits recalculated and may receive lump-sum payments for past underpayments.

Pension Benefit Guaranty Corporation

The agency is tasked with recalculating benefits, issuing payments, and managing the new trust fund.

What changed

Last recorded activity June 24, 2026.

What's next

Next step not available in the current record.

Summary

Senate Amendment 6107 proposes to increase pension benefit guarantees for participants in specific auto and defense-related retirement plans. It requires the Pension Benefit Guaranty Corporation (PBGC) to recalculate benefits to match full vested amounts and issue lump-sum payments for past underpayments, including interest.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

This amendment would change the monthly pension payments and provide back-pay lump sums for retirees in six specific plans, funded by a new Treasury trust fund.

Frequently Asked Questions

Who is eligible for these pension recalculations?

Eligible participants or beneficiaries are those in or eligible for future payments under one of the six specified covered plans who have not already received full vested benefits and are not covered by specific 1999 General Motors/union agreements.

How will the back-pay be calculated?

The PBGC will calculate the difference between the full vested benefit and what was previously paid, then add interest at a 6% annual rate.

News Coverage

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Connected Entities

otherPHI Bargaining Retirement Plan“A covered pension plan specified in the amendment.”Map →

otherASEC Manufacturing Retirement Program“A covered pension plan specified in the amendment.”Map →

otherDelphi Retirement Program for Salaried Employees“A covered pension plan specified in the amendment.”Map →

personMr. Husted“U.S. Senator who submitted the amendment.”Map →

otherPHI Non-Bargaining Retirement Plan“A covered pension plan specified in the amendment.”Map →

personMrs. Gillibrand“U.S. Senator who co-sponsored the amendment.”Map →

organizationPension Benefit Guaranty Corporation“The federal agency responsible for managing the pension recalculations and the n”Map →

otherDelphi Hourly-Rate Employees Pension Plan“A covered pension plan specified in the amendment.”Map →

otherDelphi Mechatronic Systems Retirement Program“A covered pension plan specified in the amendment.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance75
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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