That part failing is Very common to all cars using Saginaw Steering Column Not just GM cars.
Likely Have to fix the whole column head Including the 4 mounting bolts very buried in the bottom of head that mounts the upper to the tube.
Then likely adjust the I-switch and HL "Dimmer" too.
See my Cave,
SteeringThe "4 bolt problem" is often cause by fools that abuse the column... Examples:
Think S-wheel is a handle to get in/out of a vehicle.
Let column slam up releasing the tilt lever.
Or Both and More.
The abuse can bend the tube and metal parts those 4 bolts attach to then bolts easily vibrate even looser. Some bolts may even "fall out" so far causes more big problems.
MANY use Red Loctite on the 4 bolts but still abuse the column can have problems again and often soon because the tube and medal still bends or even breaks.
If you use Loctite, Blue work but will move w/ a wrench w/o causing problems or need heat to "melt" Red Loctite. Heating can melt other plastic parts near by.
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Dr. Ian Malcolm: Yeah, but your scientists were so preoccupied with whether or not they could, they didn't stop to think if they should.
(Jurassic Park)
The Ogre's Fiero Cave