The failed proposal would give the employee trust funds board an auditor to check how the department safeguards money for public employee benefits.
The proposal would place an audit office in the employee trust funds department, with an auditor appointed by and reporting directly to the department’s board.
The auditor could review department records about the fund and would conduct audits, risk assessments, research, and management reviews under board direction and policies.
The board could create or abolish all or part of an auditor position only if it is funded from revenue appropriated for that purpose.
The board would set the auditor’s pay within an assigned range. Some current employees could keep rights to return to classified service under stated conditions.
The proposal would create an audit office attached to the Department of Employee Trust Funds. The board would appoint the auditor, who would report directly to it. The office would serve the Department of Employee Trust Funds.
The office would provide independent checks on whether the department safeguards public employee trust fund assets. The auditor could review related department records and would conduct audits and other reviews under board direction. Reviews could cover department activities, information, and records related to administering the fund. The auditor would monitor the department’s compliance with applicable laws and contracts entered into by the department and the board.
The proposal would let the employee trust funds board create or abolish all or part of a full-time auditor position. This authority would apply to an internal auditor position at the Department of Employee Trust Funds. The position or portion would have to be funded from revenue appropriated under the cited statute.
The proposal would make the auditor an unclassified state employee and place the job in a senior executive salary group. The board would set the auditor’s pay within the assigned range. These provisions concern the department’s internal auditor and employees holding that job when the proposal takes effect. Some current department employees holding the auditor job could keep rights to return to classified service in the circumstances described in the proposal. The current auditor would stay in the job until the board appoints a new auditor under the proposal.
No hearings or votes scheduled.