A10565

Audit of City University of New York's participation in retirement systems.

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 processes for enrollment, contributions, and payroll deductions, as well as any lapses in these areas. The board must establish a public database detailing each lapse. Following the initial audit, the board must conduct annual audits and release reports by February first.