BOSTON — Already struggling to close a structural budget deficit and improve service, the MBTA on Monday turned its attention to the drain retirees are putting on the T's pension fund.
The T's pension fund, which is overseen by board members representing unions and management, needs to achieve returns of about 6 percent to avoid losing value, according to MBTA Chief Administrator Brian Shortsleeve, who said that rate of return on investment might not be likely in future years.
BOSTON — While Gov. Charlie Baker found some reasons to favor an alternative route for commuter rail service to New Bedford and Fall River, members of the MBTA's Fiscal and Management Control Board opted Monday to wait for more information on how to address the slow-moving transportation project.
Facing their second transit expansion project with a ballooning cost projection in less than a year, the control board Monday inquired about alternatives and held off on taking any definitive steps on South Coast Rail.
