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373 <br />ORDINANCE NS-2235 EXHZBIT "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 Ag~hcy, 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 />. day of ,19 <br /> <br />BOARD OF ADMINISTRATION <br />PUBLI~MPLOYEES' RETIREMENT SYSTEM <br /> <br /> ACTING C~ <br /> EMPLOYER ~EuR. VICE,S DMSION <br /> <br />CI~ COUNCIL <br />OFgI~,I~E <br />CITY~F SANTA ANA <br /> <br /> Presithi{~ Officer <br /> <br />Witness Date %..~ <br />Attest: O~jl,' <br /> <br />Clerk <br /> <br />PERS-CON-702 (AMENDMENT) <br />(Rev. 8/94) <br /> <br /> <br />