94-016 - Amendment Between the Board of Adminstration of the Public Employee's Retirement System

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A reasonable amount, as fixed by the Board, payable in one installment within 60 days of date of contract to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations required by law. A reasonable amount, as fixed by the Board, payable in one installment as the occasions arise, to cover the costs of special valuations on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 11. Contributions required of Public Agency and its employees 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 Retirement Law. 12. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within fifteen days after the end of the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances. Adjustments on account of errors in contributions required of any employee may be made by direct payments between the employee and the Board. B. This amendment shall be effective on the day of ,19__ BOARD OF ADMINISTRATION PUBLIC EMPLOYS' RETIREMENT SYSTEM CHIEF, CONTRACT $1~VICES DIVISION PUBLIC EMPLOYEES'~' ~'~'IH3TIREMENT SYSTEM PERS-CON~702 (AMENDMENT) (Rev. 10/92) CITY COUNCIL OF THE CITY OF SAncTA ANA BY Presiding O'er Witness Date % Attest: %-$X