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Amendment-78-126
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Amendment-78-126
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b, With respect to local safety members, the agency shall <br />contribute the following percentages of monthly salaries <br />earned as local safety members of said Retirement Systema <br />(1) 23.460 percent on account of the liability for currant <br />service benefits. <br />(2) 0.004 percent on account of the liability for the <br />1959 Survivor Program.. <br />Oz. A reasonable amount per annum# as fixed by the Board to cover <br />t}ae costs of administering said System as it affects the <br />employees of Public Agency, not including the costa of special <br />valuations or of the periodical investigation and valuations <br />required by law. <br />d. A reasonable amount as fixed by the Board# payable in one <br />installment as the occasions arise# to cover the costs of <br />special valuations on account of employees of Public Agency# <br />and costa of the periodical investigation and valuations <br />required by lass. <br />9. Contributions required of Public Agency and its employees shall be <br />subject to adjustment by Beard an account of amendments to the <br />Public, Employees# Retirement draw# and on account of the experience <br />under the Retirement System as determined by the periodical <br />investigation and valuation required by said Retirement Law. <br />10. Contributions required of Public Agency and its employees shall <br />be paid by Public Agency to the Retirement System within thirty <br />days after the end of the period to which said contributions <br />refer or as may be prescribed by Board #regulation. 1f more or <br />less than the correct amount of contributions is paid for any <br />period# proper adjustment shall be mado in connection with <br />subsequent remittances# or adjustments este account of errors <br />in coeatributi,ons required of any employee may be made by <br />direct cash payments between the employee and the Board, <br />Paynaents by Public Agency to Board may be made in the farm <br />of warrants, bank checks# bank drafts# certified chocks,, <br />money orders.# or cash, <br />S. This amendment shall lie attached to saidre <br />g contract and shall be effective o <br />.the day of <br />Vditness our hands this day of # 19=# <br />BOARD OF ADMINISTRATION <br />PUBLIC UMP10YEFS# RETIRMENT SfSTRU <br />BY <br />Carl 3 Bleching r ExecutiveOfMar <br />as to forma <br />`PEES ` 7L`5' <br />at. <br />II <br />
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