Teamsters want audit of Nashville pension fund

The Teamsters union is preparing legislation that would require regular performance audits of the $1.7 billion Nasvhille Metro pension fund.

City Paper reports:

Jesse Case, coordinator with the Teamsters Law Enforcement League, said public employee pension plans need to be transparent.

“Even if there is nothing wrong with the plan, Metro needs to have a transparent policy in order to avoid any perception of problems,” Case said. “So there needs to be a Metro ordinance passed that compels periodic audits of Metro’s retirement fund. Right now the fund lacks checks and balances.”

The Teamsters government affairs department is currently working on possible legislation, and Case said the Teamsters will contact Metro Council members after the upcoming representation election Feb. 8.