Fixing the MBTA Retirement Fund: Reforming a Pension Fund in Crisis

This report examines the MBTA Retirement Fund’s unfunded liability and compares MBTA and state employee and employer retirement contributions. It recommends that the MBTA assess the feasibility of moving its employees out of the Social Security system and transfer investment management responsibility for its pension fund to the commonwealth’s Pension Reserves Investment Management board as initial steps toward terminating the MBTA Retirement Fund (MBTARF).

Download Report: Fixing the MBTA Retirement Fund: Reforming a Pension Fund in Crisis