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b. With re _act to local safety members, tl, agency shall contribute <br />the following percentalges'of monthly salaries earned as focal <br />safety members of said Retirement System: <br />(1) 0.037 percent until June 30, 2000 on account of the <br />liability for prior service benefits. <br />(2) 28.179 percent on account of the liability for current <br />service benefits. <br />C. A reasonable amount per annum, as fixed by the Board to cover the <br />costs of administering said System as it affects the employees of <br />Public Agency, not including the costs of special valuations or <br />of the periodic investigation and valuations required by law. <br />d. A reasonable amount as fixed by the Board, payable in one install- <br />ment as the occasions arise, to cover the costs of special valua- <br />tions on account of employees of Public Agency, and costs of the <br />periodic investigation and valuations required by law. <br />10. 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 />11. Contributions required of Public Agency and its employees shall be <br />paid by Public Agency to the Retirement System within thirty days <br />after the end of the period to which said contributions refer or as <br />may be prescribed by Board regulation. If more or less than the cor- <br />rect amount of contributions is paid for any period, proper adjustment <br />shall be made in connection with subsequent remittances, or adjust- <br />ments on account of errors in contributions required of any employee <br />may be made by direct cash payments between the employee and the <br />Board. Payments by Public Agency to Board may be made in the form of <br />warrants, bank checks, bank drafts, certified checks, money orders or <br />cash. <br />B. This amendment shall be attached to said contract and shall be effective on <br />the day of , 19—. <br />Witness our hands the <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />BY <br />Carl J. Blechinger, Executive Officer <br />ved <br />as to form: <br />is <br />Besemer, <br />�I <br />�J <br />1 Office, Date <br />day of _x.19_. <br />CITY COUNCIL ci <br />OF THE <br />CITY OF SANTA ANA <br />BY U <br />Presiding OffilWer <br />Com® <br />Attest: py <br />Clerk a <br />PERS CON -702 <br />