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lO. <br /> <br />11. <br /> <br />12. <br /> <br />Public Agency shall also contribute to said Retirement System as follows: <br /> <br />A reasonable amount, as fixed by the Board, payahle in one Installment wilhin <br />60 d%'s of date of Contract to cover the costs of administering said System as it <br />ail'ems thc employees of Public Agency, not including the costx of special <br />valuations or {ff the periodic Investigation add valuations requh'ed by law. <br /> <br />A reasonable amouut, as fixed hy the Board, paytfl~le in ()ne installment as tl~e <br />occasions arise, to cover the costs of special valuations on accouut of employees <br />of Public A~eney, and costs of the periodic investigation add valuations reqnlred <br />by law. <br /> <br />Contributions rcquireaJ of PuNic Agency and its employees shall be subject to adjm;tment <br />hy Board on a¢comlt of amendments io lhe Pobllc Employees' Retirement Law, a,~d <br />account of the e×perlence under the Retirement System as determined by the pc.riddle <br />iovestigation and valuation require~l by said Retirement Law. <br /> <br />Contributions required of Public Agency and its employees shall be paid by Public <br />Agency tu the Rctiremer~t System within fiflccn days after the end of the period to wi,ich <br />said contributions refer or as may be prescribed by Board regulation. If more or less <br />than the correct amount of contrihotlons is paid for ~ny period, proper adjusm~ent almll <br />be made in connection with suhsequen[ remittances. Adjustments on account of errors <br />in contributions rexlulrext 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 />PUBLIC EMPLOYEES' P, ETIREMENT SYSTEM <br /> <br />CHIEF. CONTRP~24J' SERVICES DIVISION <br />Pt~nl.IC EMPLOYEE~q' RETIREMENT SYSTEM <br /> <br /> % <br /> <br />CITY COUNCIL <br />OF TIlE <br />CITY OF SANTA ANA <br /> <br />BY <br /> Presiding ;~ cer <br /> <br />Witness Date ~-~ <br />Attest: ~.~ <br />Clerk O5~- <br /> <br /> <br />