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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 paid <br />by Public Agency to the Retirement System within fifteen days after the <br />end of the period to which said contributions refer or as may be prescribed <br />by Board regulation. If more or less than the correct amount of <br />contributions is paid for any period, proper adjustment shall be made in <br />connection with subsequent remittances. Adjustments on account of <br />errors in contributions required of any employee may be made by direct <br />payments between the employee and the Board. <br />B. This amendment shall be effective on the day of <br />BOARD OF ADMINISTRATION CITY COUNCIL <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF SANTA ANA <br />BY <br />KENNETH W. MARZION, CHIEF <br />ACTUARIAL & EMPLOYER SERVI <br />PUBLIC EMPLOYEES' RETIREME <br />AMENDMENT <br />PERS-CON-702A (Rev. 8\96) <br />PRESIDIN\%q R <br />N <br />EM <br />Witness Date <br />Attest: <br />Clerk <br />55.A. Page 204 <br />