liability

After a more than seven-month struggle, PioneerLegal—now known as Pioneer Public Interest Law Center—has gained access to an important August 2022 arbitrator’s decision about a dispute between the MBTA and its largest union, the Carmen, over the severely underfunded MBTA Retirement Fund (MBTARF).

Authors: Eric S. Berman, CPA, Deputy Comptroller, Commonwealth of Massachusetts and Elizabeth K. Keating, CPA, Ph.D, Lecturer on Law, Harvard Law School, Harvard University This paper will review Statement 45’s potential impact on governments and review existing disclosures in financial reports as...