Category: Announcement

Legislative & Privatization Update

Photo of Massachusetts State House

Dear members, Effective July 7, 2015, Governor Baker signed a $38 billion dollar budget in law, which included the relaxation of the Taxpayer Protection Act (TPA), otherwise known as the Pacheco Law, for three years. For those who were not able to attend our most recent membership meeting on Thursday, July 21, 2015, below is …

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Permanent link to this article: https://carmensunion589.org/2015/08/legislative-privatization-update/

Carmen’s Union calls for audit of MBTA pension plan

Boston Globe | By Beth Healy | July 2, 2015 Two top officers of the Boston Carmen’s Union, Local 589, who serve on the MBTA pension fund board, issued a statement Thursday calling for “an immediate, open and complete audit” of the retirement system for transit workers. According to the statement, by president James O’Brien …

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Permanent link to this article: https://carmensunion589.org/2015/07/carmens-union-calls-for-audit-of-mbta-pension-plan/

Exec. Board Requests Report By Harry Markopolos

Dear Ms. Healey, As members of the MBTA Retirement Board (MBTARF), we have read with interest and concern your two articles from Sunday, June 28, 2015 and Monday, June 29, 2015, respectively, describing a “report” authored by, among others, Harry Markopolos casting a negative light on the MBTARF’s financial and actuarial reporting. In order for …

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Permanent link to this article: https://carmensunion589.org/2015/06/exec-board-requests-report-by-harry-markopolos/