GM help for Delphi eases pension woes-US agency


WASHINGTON, Sept 25 (Reuters) - The decision this month by General Motors Corp to assume $3.4 billion in pension obligations at Delphi Corp will "significantly reduce" pension liabilities at the bankrupt parts supplier, the U.S. pension insurer said on Thursday. The Sept. 12 move by GM will also eliminate $1.2 billion in liens that the Pension Benefit Guaranty Corp (PBGC) had filed against Delphi's nondebtor foreign affiliates. "We will withdraw these liens as soon as possible after the ...

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