MBTA Retirement Fund Careening Off The Tracks?

BOSTON — A new Pioneer Institute study claims that the Massachusetts Bay Transportation Authority has dramatically underestimated its retirement pension obligations, which the Hub-based think tank has pegged at being underfunded by at least $200 million in administrative expenses alone between 1991 and 2015. Authors of the study, titled "Forensic Mysteries from the MBTA Retirement Fund's Actuarial Reports," say they analyzed 25 years' worth of data and found that the MBTA Retirement Fund's "act

BOSTON — A new Pioneer Institute study claims that the Massachusetts Bay Transportation Authority has dramatically underestimated its retirement pension obligations, which the Hub-based think tank has pegged at being underfunded by at least $200 million in administrative expenses alone between 1991 and 2015. Authors of the study, titled "Forensic Mysteries from the MBTA Retirement Fund's Actuarial Reports," say they analyzed 25 years' worth of data and found that the MBTA Retirement Fund's "act…