MBTA pension is focus of State House hearing
The MBTA Retirement Board should adopt reforms to force disclosures of financial information and conflicts of interest among its employees, according to Attorney General Martha Coakley, while also subjecting itself for more transparency through public records disclosures.
Coakley wrote a letter dated Monday to MBTA Retirement Fund Chair Janice Loux.
The Legislature’s Public Service Committee on Tuesday held an oversight hearing on the fund that drew many MBTA union members to Beacon Hill. T officials laid out the fund’s history and structure and focused on a 1993 court finding that the fund is a “private fund.”
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