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p144SEQ <br />10. Public Agency shallr buts to Paid Retirement System as follows: <br />a. With respect to local i&dnneooBus members, the agency shall <br />contribute the following pe "f as of monthly salaries earned <br />as local miscellaneous members o f¢yRetirement System; <br />(1) 0.172 percent until June 30, 200``0 on account of the lia— <br />bility for prior service benefits. (Subject to annual <br />change.) <br />(2) 14.507 percent until June 30, 2000 on account of the lia— <br />bility for current service benefits. (Subject to annual <br />change.) <br />b. With respect to local safety members, the agency shall contribute <br />the following percentages of monthly salaries earned as local <br />safety members of said Retirement System; <br />(1) 27.300 percent until June 30, 2000 on account of the lia— <br />bility for current service benefits. (Subject to annual <br />change.) <br />C. A reasonable amount, as fixed by the Board, payable in one in— <br />stallment within 60 days of date of contract to cover the costs <br />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 in— <br />stallment 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 />11. 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 />12. 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 Board. <br />