Proof That The Delphi Salaried Pension Plan was Traditionally Well-Funded

Watson Wyatt letterheadIn June 2009, Watson Wyatt reported its analysis of the Delphi Salaried Pension Plan and summarized that "based on the valuation results that will be shown in the actuarial valuation report to determine funding requirements for the plan for the year beginning October 1, 2008, we have determined the 2008 AFTAP to be 85.62% as developed in the attached exhibit. The 2007 AFTAP was 86.9%."

Watson Wyatt letter June 30, 2009