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MBTA pension system operates like a Ponzi scheme

FEBRUARY 25, 2019 | THE BOSTON GLOBE

Even as MBTA riders face a proposed 6.3 percent fare hike, totaling an estimated $32 million, the transit system is already committed to sinking $103 million into the black hole that is the T’s pension system. That can’t go on forever, and on Monday T officials are expected to once again take a look at the budget implications of the increasingly problematic program.

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