The Legislature has abandoned its effort to make the MBTA retirement fund follow disclosure and ethics rules that apply to other pensions for public workers, repealing a law passed just a year ago to open the normally secretive operation to greater scrutiny.
Lawmakers accepted two narrower measures instead. They will require the MBTA to disclose the names of its retirees and their pension benefits online, as other state agencies already do.
Separately, the $1.6 billion fund has pledged to produce more complete annual reports.
But the lawmakers, in the fiscal 2015 budget passed Monday, repealed a far more sweeping measure that was supposed to change the pension fund’s longstanding tradition of privacy.
That law, enacted last year, was meant to require the board of the T’s pension system to hold open public meetings, submit to public records requests, and follow standard conflict-of-interest rules.
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