Directs the chair of the board of trustees of the City University of New York to audit its participation in retirement systems and issue a report.
The bill mandates the chair of the board of trustees of the City University of New York to conduct an audit of the university's participation in retirement systems, covering from 1998 to the present. The audit will examine retirement enrollment, management, and any lapses in contributions or employee payroll deductions. The board must establish a non-proprietary database for public use, listing details of each lapse. The chair must report findings to the governor and legislature within a year of the act's effective date.
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