New York A 10565: Directs the chair of the board of trustees of the city university of New York shall conduct an audit of such university's participation in retirement systems

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A10565 Summary:

BILL NOA10565 

&nbsp

SAME ASSAME AS S09252

&nbsp

SPONSORForrest

&nbsp

COSPNSRGallagher, Reyes, Valdez, Moreno

&nbsp

MLTSPNSR

&nbsp

&nbsp

Directs the chair of the board of trustees of the city university of New York shall conduct an audit of such university's participation in retirement systems and issue a report thereon.

Go to top A10565 Actions:

BILL NOA10565 

&nbsp

03/13/2026referred to higher education

Go to topA10565 Committee&nbspVotes:

Go to topA10565 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10565 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10565

 IN ASSEMBLY

 March 13, 2026
 ___________

 Introduced by M. of A. FORREST -- read once and referred to the Commit-
 tee on Higher Education

 AN ACT directing the chair of the board of trustees of the city univer-
 sity of New York shall conduct an audit of such university's partic-
 ipation in retirement systems

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. (a) The chair of the board of trustees of the city univer-
 2 sity of New York shall conduct an audit of such university's partic-
 3 ipation in retirement systems pursuant to section sixty-two hundred
 4 fourteen and article one hundred twenty-five-A of the education law
 5 covering from 1998 to the present. Such audit shall examine retirement
 6 enrollment, management, contributions and employee payroll deductions of
 7 the city university of New York. Such audit shall include:
 8 1. processes for enrollment at each college, school, and the city
 9 university's central office;
 10 2. processes for contributions and employee payroll deductions at each
 11 college, school, and the city university's central office;
 12 3. all lapses in retirement plan enrollment wherein an employee with
 13 an appointment was not enrolled in the retirement system; and
 14 4. all lapses wherein the city university did not make contributions
 15 or employee payroll deductions for an employee with an appointment.
 16 (b) As part of the audit process the board of trustees of the city
 17 university of New York shall establish a non-proprietary database avail-
 18 able for public use that will list the following information for each
 19 lapse in retirement plan enrollment, contributions, or employee payroll
 20 deductions, per employee, by unique employee identifier:
 21 1. the individual employees affected;
 22 2. the location of employment, whether that be college, school, or
 23 city university's central office;
 24 3. the beginning and end dates of each lapse; and
 25 4. the total dollar amount of lapsed contributions, or employee
 26 payroll deductions, during the period of the lapse of enrollment,
 27 contribution, or employee payroll deduction.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14467-02-6

 A. 10565 2

 1 (c) Subsequent to the initial audit conducted pursuant to subdivision
 2 (a) of this section, the board of trustees of the city university of New
 3 York shall conduct such audit annually and release a report by February
 4 first covering the prior calendar year.
 5 § 2. Within one year of the effective date of this act, the chair of
 6 the board of trustees of the city university of New York shall make a
 7 report to the governor and the legislature of its findings, conclusions,
 8 recommendations, including recommendations to prevent lapses in enroll-
 9 ment, contributions, and employee payroll deductions, activities already
 10 undertaken by the board of trustees of the city university of New York
 11 to correct deficiencies found by the audit, and any legislative
 12 proposals as deemed necessary to implement its recommendations. Such
 13 report shall also be made available on the public website of the city
 14 university of New York.
 15 § 3. This act shall take effect immediately.

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