- Associated Press - Tuesday, February 25, 2014

BOSTON (AP) - The MBTA’s retirement fund board has been asked to appear at a hearing of the Legislature’s Joint Committee on Public Service after a vote to keep the fund’s performance secret.

The board is in the midst of a long-running fight with the governor and the Legislature to open more of the pension fund’s records, a stance that has drawn more attention after a $25 million investment loss came to light last year.

The Boston Globe (https://b.globe.com/1c4eJmU ) reports that Tuesday’s appearance comes after the seven-member board deadlocked last month on a vote whether to disclose records.

The T’s $1.6 billion retirement fund has resisted making the information public, saying it is a private trust. But calls for release of the information increased as taxpayers have been forced provide more to cover T pensions.


Information from: The Boston Globe, https://www.bostonglobe.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide