SB5834 authorizes the director to use trust fund interest earnings for specific expenses, including fraud investigations and administrative costs.

SB5834 allows the director to pay from the interest earnings of specified retirement system trust funds for expenses related to fraud investigations, collection agency fees, and other costs to recover overpayments. It also covers expenses to prevent losses, such as audits and cybersecurity measures. The bill defines "legal expense," "medical expense," and "administrative expenses" and specifies that recovered funds must be returned to the appropriate trust funds. This applies to the public employees' retirement system, teachers' retirement system, and others.

SB5834 authorizes the director to use trust fund interest earnings for specific expenses, including fraud investigations and administrative costs.

SB5834 allows the director to pay from the interest earnings of specified retirement system trust funds for expenses related to fraud investigations, collection agency fees, and other costs to recover overpayments. It also covers expenses to prevent losses, such as audits and cybersecurity measures. The bill defines "legal expense," "medical expense," and "administrative expenses" and specifies that recovered funds must be returned to the appropriate trust funds. This applies to the public employees' retirement system, teachers' retirement system, and others.