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10. 11. 12. a. With respect to local ~ivsd~,neous me.bars, the sgenny shell contribute the following i~f~es of laonthly salaries.earned ss iooei mi alia .us ~etir.ent Syst.. (1) 0.172 percent ~til June 30, 2000 on account off the lia- bility For prior ~rvioe beneffits. (SubJ~t ~ ~nual change. ) (2) 1#.507 percent until June 30, 2000 on account of the lia- bility for current service benefits. (Subject to annual change. ) be With respect to local safety ~embers, the agency shall contribute the following percentages of ~onthly salaries earned es local safety members of said Retirement System: (1) 27.300 percent until June 30, 2000 on account of the lia- bility for current s~rvlce benefits. (Subject to annual change.) C® A reasonable amount, as fixed by the Board, payable in one in- stallment within 60 days of date of contract to cover the costs of administering said System as it affects ~he employees of Public Agency, not including the scats of special valuations or of the periodic investigation and valuations required by law. A reasonable amount, as fixed by the Board, payable in one in- stallment as the occasions arise, to cover the costs of special valuations on account of e~ployees of Public Agency, and costs of the periodic investigation and valuations required by law. Contributions required of Public Agency and its e~ployees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Law, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Betirament Law. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System ~lthin thirty days after the end of the period to M~leh said contributions refer or as may be prescribed by Board regulation. If ~ore or less than the cor- rect amount of contributions is paid for any period, proper adjustment shall be Lade in connection ~ith subsequent remittances, or adjust- manta oH account of errors in contributions required of any employee may be made by direct cash payments between the e~ployee and the Board.