Bill > S09252

This bill mandates that the chair of the board of trustees for the City University of New York (CUNY) must conduct a comprehensive audit of the university's involvement with retirement systems, specifically covering the period from 1998 to the present. This audit will scrutinize how CUNY handles retirement enrollment, management, contributions, and employee payroll deductions across all its colleges, schools, and central office, looking for any instances where employees were not enrolled or where contributions and deductions were missed. As part of this process, CUNY must create a publicly accessible database detailing each lapse, including the affected employees, their work location, the duration of the lapse, and the total amount of missed contributions or deductions. Following the initial audit, CUNY will conduct this audit annually, releasing a report by February 1st each year, and within one year of the bill's enactment, the chair must submit a report to the governor and legislature detailing the audit's findings, recommendations for preventing future issues, and any corrective actions taken.

Education

https://www.nysenate.gov/legislation/bills/2025/S9252