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075 <br />Exhibit A <br /> <br />11. <br /> <br />12. <br /> <br />A reasonable amount, as fixed by the Board, payable in one installment within <br />60 days of date of contract to cover the costs of administering said System as it <br />affects the employees of Public Agency, not including the costs of special <br />valuations or of the periodic investigation and valuations required by law. <br /> <br />A reasonable amount, as fixed by the Board, payable in one installment as the <br />occasions arise, to cover the costs of special valuations on account of employees <br />of Public Agency, and costs of the periodic investigation and valuations required <br />by law. <br /> <br />Contributions required of Public Agency and its employees shall be subject to adjustment <br />by Board on account of amendments to the Public Employees' Retirement Law, and on <br />account of the experience under the Retirement System as determined by the periodic <br />investigation and valuation required by said Retirement Law. <br /> <br />Contributions required of Public Agency and its employees shall be paid by Public <br />Agency to the Retirement System within fifteen days after the end of the period to which <br />said contributions refer or as may be prescribed by Board regulation. If more or less <br />than the correct amount of contributions is paid for any period, proper adjustment shall <br />be made in connection with subsequent remittances. Adjustments on account of errors <br />in contributions required of any employee may be made by direct payments between the <br />employee and the Board. <br /> <br />B. This amendment shall be effective on the <br /> <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLO~i~fS' RETIREMENT SYSTEM <br /> <br /> CHIEF, CONTRACT SI~VICES DIVISION <br /> PUBLIC EMPLOYEES' ~[3TIREMENT SYSTEM <br /> <br />PERS-CON-702 (AMENDMENT) <br />(Rev. 10/92) <br /> <br />day of ,19 <br /> <br />CITY COUNCIL <br />OF THE <br />CITY OF SAv~A ANA <br /> <br />BY ('~ <br /> Presiding Of-~r <br /> <br />Witness Date ' ~ <br />Attest: %~ <br /> <br />Clerk <br /> <br />e <br /> <br /> <br />