MBTA management and union square off over pension fund
With $1.5B in the balance, lots at stake for workers and riders
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THERE IS A chasm between how MBTA management views the agency’s pension fund and how the union that represents the biggest share of T workers sees the retirement account. The Fiscal and Management Control Board on Monday spoke with one voice, raising the alarm about a pension system that board members said is worryingly underfunded.(...)