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Filename MBTARF-Crisis-Paper.pdf
Filesize 1 MB
Version 1
Date added December 15, 2016
Downloaded 2329 times
Category Pensions, Transportation, Unfunded Liabilities, White Papers
Date: December 15, 2016 Authors: Gregory W. Sullivan, Matt Blackbourn, Michael Weiner and Iliya Atanasov 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).