(a) The State Retirement Agency may at any time examine the records of a participating employer to determine whether the payment of benefits to a participant and the payment of contributions by a participating employer or participant are and will be in accordance with the provisions of Division II of this article.
(b) Whenever an audit reveals that the payment of benefits to a participant or the payment of contributions by a participating employer or participant is not in accordance with the provisions of Division II of this article:
(1) the State Retirement Agency and participating employer shall correct their records; and
(2) (i) the participating employer shall pay any amounts owed to the accumulation fund of the appropriate State system; and
(ii) the member contributions owed by the participant shall be made by the participant in accordance with § 21-312(e) of this title.