Contributions to employee health and retirement benefits

(a) Mandatory contributions (1) In general Except as provided in paragraph (2), the University shall make contributions toward the health and retirement costs of all employees, including to faculty and staff, which shall— (A) be made at a level consistent with the requirements imposed on Federal agencies under applicable Federal law; and (B) be consistent with amounts that Federal agencies are mandated to pay into similar retirement and health benefit plans. (2) Alternative benefits On a determination by the Board, in order to support recruitment and retention efforts, the University may offer alternative health and retirement benefits that differ from the benefits described in paragraph (1). (b) Eligibility for Federal benefits All employees of the University shall be eligible to receive health and retirement benefits, subject to the condition that the University shall meet the obligations of the University to make the contributions required under subsection (a)(1). (c) Implementation and compliance The University shall establish a compliance framework to ensure that contributions made under subsection (a)(1) are made in a timely manner and in accordance with Federal guidelines. (d) Annual audits Annual audits shall be conducted by the Inspector General of the Department of the Interior to verify adherence by the University to this section.