Budget Amendment ID: FY2020-S3-1131
MBTA Retirement Fund
Messrs. Tarr, deMacedo and Humason moved that the proposed new text be amended by inserting after section _the following:-
"SECTION_. Notwithstanding any general or special law to the contrary the massachusetts bay transportation authority fiscal control board as established under chapter 46 of the acts of 2015, shall contract with an independent actuary and auditor to conduct an independent review, and analysis of sustainability of the massachusetts bay transportation authority retirement fund as established under chapter 32 of the general laws. Said review shall be commence no later than 45 days after the passage of this act
Said review and any recommendations shall be submitted to the massachusetts bay transportation authority fiscal control board, the joint committee on transportation, the house and senate committee on ways and means and the clerks of the house and senate."