Laserfiche WebLink
10, Public Agency shall also contribute w said Retirement System as follows: <br />a. A reasonable amount, as fixed by the Board, payable in one Installment withir <br />60 days of dale of contract to cover the costs of administering said System as ii <br />affects the employees of Public Agency, not including the costs of speclal <br />valuations or of the periodic investigation and valuations required by law. <br />h. 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 Lass. <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 bo prescribed by Board regulation. If more or less <br />than the correct amount of contributions is paid for any period, proper adjustment shall <br />be made in connection with subsequent remittances. Adjustments 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 &hail be effective on the day of _ , 14— <br />BOARD OF ADMINISTRATION CITY COUNCIL <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE <br />CI'T'Y OF SANTA ANA <br />tC<` <br />BY IPQ` <br />CNIEF� CONTRA'ILT SERVICES DIVISION <br />PUBLIC EMPLOYEHr ' RETIREMENT SYSTEM <br />13Y ".l <br />Presiding <br />Witness Date � <br />Attest: <br />Clerk <br />