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|Date added||June 21, 2022|
|Category||Better Government, Pensions, Public Program Reforms, Transportation, Unfunded Liabilities, White Papers|
Author: E.J. McMahon
Date: June 2022
This study illustrates why issuing pension obligation bonds (POBs) to refinance $360 million of the MBTA Retirement Fund’s (MBTARF’s) $1.3 billion unfunded pension liability would only compound the T’s already serious financial risks.