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057 <br /> <br />10. <br /> <br />11, <br /> <br />12. <br /> <br />Public Agency ~hall also contribute to said Retirement System as follows: <br /> <br />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 Fublic Agency, not including the costs of special <br /> valuatious or of the periodic investigation and valuations required by law. <br /> <br />b. A reasonable amount, as fixed by the Board, payable in one installment as the <br /> occasions arise, tn cover the costs of special vaioaflons on account of employees <br /> of Public Agency, and costs of the periodic investigation and valuations required <br /> by law. <br /> <br /> 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 valualion required by said Retirement Law. <br /> Contributions required of Public Agency and its employees shall be paid by Public <br /> Agency to the Rctirement System within fifteen days after th~ 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 employ~ may be mad~ by direct payments between the <br /> employe~ and the Board, <br /> <br />Tiffs amendment shall be effective on the day of <br /> <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPI.OYEE$' RETIREMENT SYSTEM <br /> <br />CHIEF, CONTRP~2"~T SERVICES DIVISION <br />PUBLIC EMPLOY~E~' RETIREMENT SYSTEM <br /> <br />· 19 <br /> <br />CITY COUNCIL <br />OF THE <br />CITY OF SANTA ANA <br /> <br /> Presiding q~cer <br />Witnes~ Date <br /> <br />Attest: <br /> <br />Clerk <br /> <br /> <br />