SB 414 - This act allows the State Auditor to audit any state or local public employee retirement system every three years, unless the auditor is otherwise required by law to audit the system more frequently. The Auditor's authority to examine audits of the Prosecuting Attorneys' and Circuit Attorneys' Retirement System and Local Government Employees' Retirement System is modified to allow the Auditor to audit the systems.

This act is similar to portions of SB 714 (2010).


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