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A reasonable amount, as fixed by the Board, payable in one <br />in..tallment as the occasions arise, to cover the costs of special <br />valuations on account of employees of Public Agency, and costs of <br />the periodic investigation and valuations required by law; <br /> <br />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 f'ffteen days after the <br /> end of the pedod 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 e..mpJoyee and the Board. <br /> <br />B. This amendment shall be ef. etq~ve on the day of __, <br />BOARD OF ADMINISTRATIOI'.~~'~ CITY COUNCIL <br />PUBLIC EMPLOYEES' RET..~,_~.EA4ENT SYSTEM · CITY OF SANTA AHA <br /> <br />KENNETH W. MARZ~-~.~I,' CHIEF PRESIDING OFFER <br />ACTUARIAL & EM..~,'~ER SERVICES DIVISION <br /> <br /> Attest: <br /> <br />Clerk <br /> <br />AMENDMENT <br />PERS,CON-702A ,(Rev, 8~96) <br /> <br />Ordinance No. NS-2514 <br />Page 6 of 6 <br /> <br /> <br />