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Agmt_1946_November 25_SERS_Amendment to Contract
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Agmt_1946_November 25_SERS_Amendment to Contract
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<br />~ it.. <br /> <br />. <br /> <br />13. <br /> <br />3. <br /> <br />4. <br /> <br />- <br /> <br />'-' <br /> <br />or of the periodic 131 inves tiga tion and valuation requ ired by <br />law, provided that said amount shall be determilled on the <br />basis of the number of employees of Public Agency who are mern- <br />bel'S on July 1st of the respective fiscal years. <br /> <br />d. A reasonable amount as fixed by the "_,0131'0., payable in one <br />installment froen time to time as the occasions arise, to cover <br />the costs of srecial valuations on account of em;"loyees of <br />Public Agency, and the costs of the periodical investigation <br />into the experience under said Retirement System, as It affects <br />said employees, and the veluati.on of the assets and liabilities <br />of said System on account of said employees. <br /> <br />Contributions required of Public Agency and its employees shall be <br />subject to adjustment by the board of administration on account of <br />amendments to the state Employees' Retirement Law, and on account <br />of experience under the Retirement System, as determined by the <br />periodical investisation, valuation and determination provided for <br />by said Hetirement Lavl. <br /> <br />Contributions required of Public Agency und'lr the paragraph immedi- <br />ately preceding, and contributions required of Public AE';ency's <br />employees who are members of said Sys tem, shall be paid by rubl ic <br />Agency to the State Employees' Retirement System within thirty days <br />after the end of the month or longer period to which said contribu- <br />tions refer. If morA or less than the correct amount of contribu- <br />tions required of Public agency or its employees is paid for any <br />period, proper adjustment shall be made in connection with subseCluent <br />remi ttances of Public !-;.t;ency to the,30ard, to rectify the errors; or <br />such adjustments on account of errors m~de in contributions re~lired <br />of employees, may be made by direct cash payments between the employee <br />in connection wi th whom the error was made, and board. Payments of <br />Fubllc ,.gency to '<oard may be made in the form of warrants, bank <br />checks, bank drafts, certified checks, monel orders, or cash. <br /> <br />ilenefi ts, includinG retirement allowances, prior to the effective date <br />of thls aJ'llendment, shall not be affected by this amendment, unless <br />otherwise provided herein. <br /> <br />Thls amendment shall he attached to said Contract and shall be effec- <br />tive as of October 1 , 19 21. <br /> <br />day of <br /> <br />, 19 <br /> <br />-' <br /> <br />\~itness our hand this <br /> <br />Attest: <br /> <br />CITY COLNCIL of <br />Name of Legislative Body <br /> <br />Clerk. <br /> <br />CITY OF SANTA ANA <br />Name of Public Agency <br /> <br />By <br />presi6ing Officer <br /> <br />-3- <br />
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