California SB1038 amends audit procedures for the Public Employees’ Retirement System.

California SB1038 modifies the audit procedures for the Public Employees’ Retirement System. It requires the board to notify employers of the purpose, scope, and estimated time for an audit. Employers must provide necessary information and records for the audit. The board can charge employers for excess time needed to complete an audit, except for delays beyond the employer's control. The board must list employers subject to audit on its website and provide final audit reports to employers and exclusive representatives.

California SB1038 amends audit procedures for the Public Employees’ Retirement System.

California SB1038 modifies the audit procedures for the Public Employees’ Retirement System. It requires the board to notify employers of the purpose, scope, and estimated time for an audit. Employers must provide necessary information and records for the audit. The board can charge employers for excess time needed to complete an audit, except for delays beyond the employer's control. The board must list employers subject to audit on its website and provide final audit reports to employers and exclusive representatives.