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c. A reasonable amount, as fixed by the Board, payable in one <br />installment 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 />12. 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 />13. 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. I# more or less than the correct amount of <br />contributions is paid for any period, proper adjustmen# 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 />B. This amendment shall be effective ori, th'e day of , <br />,e ~~. <br />BOARD OF ADMfNISTRATION <br />PUBLIC EMPLOYEES' RETIREMEI~~ SYSTEM <br />L ~,a <br />BY ~. ~~ <br />~';,:., <br />LORI MCGARTLAND, CH[EF~°~~-:," <br />EMPLOYER SERVICES DIVISION <br />,.. ,,. <br />PUBLIC EMPLOYEES' RET[REMENT SYSTEM <br />AMENDMENT ER# 0137 <br />PERS-CON-702A (Rev. 10\05) <br />CITY COUNCIL ~- .~ " <br />CITY OF SANTA ANA.`` <br />~, <br />BY ~,a y <br />PRESIDING °OF'fICER <br />,~.~~~. <br />~,. _ ~ ~'~ <br />:Y• <br />c ~ <br />`~ <br />Witriess Date <br />Attest: <br />Clerk <br />55E-7 <br />