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Can The MBTA Pension Fund Be Saved?09:31
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An MBTA train pulls into a stop on Commonweath Avenue near Boston University. (Elise Amendola/AP)MoreCloseclosemore
An MBTA train pulls into a stop on Commonweath Avenue near Boston University. (Elise Amendola/AP)

Last month, the chief of the MBTA's retirement fund announced he would step down from the post in August.

Over the past two years, the $1.5 billion fund has seen investment returns of less than 1 percent. Meanwhile, the MBTA's funding gap — between future retiree benefits and the money available to pay them — has topped $940 million.

Mulhern's resignation also followed Gov. Charlie Baker's signing of a bill to make the pension plan subject to public records law. But transparency is only one part of the equation, according to Mark Williams, executive-in-residence at Boston University.

Guest

Mark T. Williams, executive-in-residence and master lecturer at Boston University. He tweets @UncontrolRisk.

This segment aired on July 6, 2016.

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