By Beth Healy, includes "A six-month examination of the MBTA pension fund, led by the whistle-blower who identified the Bernard Madoff fraud, found accounting and investment reporting practices that he says may overstate the financial health of the transit worker retirement plan by as much as $470 million. ... "They brought up very good points that deserve investigation,'' said Sheila Weinberg, chief executive of Truth in Accounting, a Chicago group that analyzes public pensions and reviewed the report's findings for the Globe. Weinberg said the T pension, like some other public retirement plans around the country, needs to provide better disclosure of its finances. "The public is who's going to be on the hook,'' she said..."
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