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The Class Reunion Is Dead. Thanks, Facebook.
Senior year of high school, the countdown to my class reunion began. You know, the one that was set to happen ten years later.
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 "actuarial reports may have deviated considerably from the true cost of pension benefits."