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11. <br /> <br />Contributions required of Public Agency and its employees shall be <br />subject to adjustment by Board on account of amendments to the Public <br />Employees' Retirement Law, and on account of the experience under the <br />Retirement System as determined by the periodic investigation and <br />valuation required by said Retirement Law. <br /> <br /> 12. Contributions required of Public Agency and its employees shall be paid <br /> by Public Agency to the Retirement System within fifteen days after the <br /> end of the period to which said contributions refer or as may be prescribed <br /> by Board regulation. If more or less than the correct amount of <br /> contributions is paid for any period, proper adjustment shall be made in <br /> connection with subsequent remittances. Adjustments on account of <br /> errors in contributions required of any employee may be made by direct <br /> payments between the employee and the Board. <br /> <br />B. This amendment shall be effective on the J'C.Z day of <br /> <br />BOARD OF ADMINISTRATION CITY COUNCIL <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF SANTA ANA <br /> <br />KEI~ETI~ W.'MAR~ISN,'~HI'E~F ~ ' PRESI~ OFFICER <br />ACTUAI~AL & EMPLOYER SERVICES DIVISION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br /> <br />Witness Date <br /> <br />Attest: <br /> <br /> / B~JANIiN KA~FMAN <br />~Chlef~As~ls~ant OIt~ Aflorney <br /> <br />AMENDMENT <br />PERS-CON*702A (Rev, 8\96) <br /> <br /> <br />