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Filename RollingDice-WP.pdf
Filesize 1 MB
Version 1
Date added June 21, 2022
Downloaded 257 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.