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a. A reasonable amount, as fixed by the Board, payable in one installment within <br />60 days of date of contract to cover the costs of administering said System as it <br />affects the employees of Public Agency, not including the costs of special <br />valuations or of the periodic investigation and valuations required by law. <br />b. A reasonable amount, as fixed by the Board, payable in one installment as the <br />occasions arise, to cover the costs of special valuations on account of employees <br />of Public Agency, and costs of the periodic investigation and valuations required <br />by law. <br />11. Contributions required of Public Agency and its employees shall be subject to adjustment <br />by Board on account of amendments to the Public Employees' Retirement Law, and on <br />account of the experience under the Retirement System as determined by the periodic <br />investigation and valuation required by said Retirement Law. <br />12. Contributions required of Public Agency and its employees shall be paid by Public <br />Agency to the Retirement System within fifteen days after the end of the period to which <br />said contributions refer or as may be prescribed by Board regulation. If more or less <br />than the correct amount of contributions is paid for any period, proper adjustment shall <br />ne made in connection with subsequent remittances. Adjustment on account of errors <br />in contributions required of any employee may be made by direct payments between the <br />employee and the Board. <br />B. This amendment shall be effective on the day of <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />44% <br />BY �i7 <br />CHIEF, CONTRACT 9 VICES DIVISION <br />PUBLIC EMPLOYEES' TIREMENT SYSTEM <br />CITY COUNCIL <br />OF THE <br />CITY OF SANTA ANA <br />BY i5 <br />Presiding Offs r <br />Witness Date L� <br />Attest: <br />Clerk <br />PERS-CON-702 (AMENDMENT) <br />(Rev. 10/92) <br />19 <br />