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| Filename | RollingDice-WP.pdf |
| Filesize | 1 MB |
| Version | 1 |
| Date added | June 21, 2022 |
| Downloaded | 18389 times |
| 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.