Study Calls for MBTA Employees to Be Transferred to State Pension System
Despite claims to the contrary, overly generous benefits, early retirement perks render troubled MBTA Retirement Plan unsustainable BOSTON – The commonwealth should develop a plan to transfer MBTA employees from the transit authority’s troubled retirement plan to the state system, according to a new study published by Pioneer Institute. Myths and Reality about MBTA Pensions “The MBTA plan modifications included in the 2009 transportation reform law were too little too late,” said Pioneer Institute Senior Fellow on Finance Iliya Atanasov, author of “Myths and Reality about MBTA Pensions.” “Far more radical measures are needed to ensure that MBTA employees’ pensions will be there when they retire.” In the wake of transportation reform, the conventional wisdom has been that the MBTA […]