Delphi Asks To Extend Pension-Funding Waiver

Law360 (February 26, 2008, 12:00 AM EST) -- Delphi Corp. has entered into an agreement with the Pension Benefit Guaranty Corp. to extend a waiver related to the minimum funding provisions for its pension plans as it continues to fine-tune its Chapter 11 exit plan.

The Troy, Mich.-based auto parts supplier submitted a motion to the U.S. Bankruptcy Court for the Southern District of New York on Monday that seeks to push back the expiration date on the plan-funding waiver from Friday to the end of March.

Delphi is moving forward in its bankruptcy...
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