Susan Muffley Act of 2025

The Susan Muffley Act of 2025 would significantly raise the level of pension benefits guaranteed for a specific set of Delphi-related plans and would create a dedicated Treasury fund to pay those increased benefits. Specifically, for participants and beneficiaries in the listed Delphi and related plans, the monthly guaranteed benefit would be equal to the full vested plan benefit (essentially the maximum benefit those plans could provide), determined as of plan termination and without the usual phase-in and maximum guarantee limits under ERISA 4022. The bill requires PBGC to recalculate any already-paid guarantees, and to issue lump-sum back payments for past shortages within 180 days of enactment, plus interest to account for foregone earnings. It also establishes a new Delphi Full Vested Plan Benefit Trust Fund in the Treasury to finance these increases and related administrative costs, and it authorizes PBGC to issue regulations in coordination with Treasury and Labor. The measure applies only to the specified plans and includes an administrative-review process for any recalculation determinations.