SB 1038: The Public Employees’ Retirement System.

The bill aims to amend the public employees' retirement system to increase transparency and accountability during audits. Before initiating an audit, the board must list specific information about the audit on its internet website and provide written notice to the affected parties. The notice will include the estimated time required for the audit completion, and the final audit report will be shared with the affected parties. The board will also provide a list of members affected by the final audit report, along with the affected parties, to their exclusive representatives.