Pension Fund Transparency Update

Last week, the MBTA reached agreement with its largest union, Local 589, on a new collective bargaining agreement which includes commitments to increase transparency of the union’s pension fund. Concerns about the issue aren’t fully settled, but this is real progress and I commend the MBTA, the union’s leadership and the fund itself for these major steps towards transparency.

Transparency and Ethics: How do the Public Records Law and State Ethics Law apply to the MBTA Retirement Board?

On February 25, 2014, the Joint Committee on Public Service will be holding a public oversight hearing on the MBTA Retirement Fund. Below, please find an overview of the applicability …