- 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

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