The MBTA Retirement Board is balking at opening up the books of their pension fund, an action called for after passage of legislation sponsored by Senator Brownsberger. Here is The Boston Herald story. You can read more about Will’s work to end the secrecy of the MBTA pension system at this forum posting.
Pension Fund Transparency
End the secrecy of the MBTA pension system
It’s time to open up the books of the MBTA pension system. The MBTA derives two-thirds of its $1.9 billion budget from state and local taxes. It contributes $71 million per year to pay pensions for its workers. Historically, MBTA pensions have been very generous, although the legislature reformed the system in 2009 as to new …
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