mbtacashtrain

OpEd: Shine a light upon MBTA pension fund

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By Mary Z. Connaughton and Charles Chieppo
Guest Columnists
Originally published in The Berkshire Eagle, the Milford Daily News, New Bedford Standard-Times, and The Lowell Sun.
It would be easy just to shake your head and turn the page upon learning that the MBTA Retirement Fund (MBTARF) is underfunded by nearly $868 million. Unfortunately, you cannot. Every year, the pension plan receives tens of millions of state dollars that flow through the MBTA. The T, in turn, has a contractual obligation to bankroll three quarters of any shortfall. Read this entire article in The Berkshire Eagle, the Milford Daily News and the New Bedford Standard-Times.

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