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i <br />b. A reasonable amount, as fixed by .the Board, payable in one <br />installment within 60 days of date of contract to cover the costs: of <br />administering said System as it affects the employees of Public <br />Agency, not including the costs of special valuations or of the <br />periodic investigation and valuations required by law. <br />c. A reasonable amount, as fixed by the Board, payable in one <br />installment 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 />16. 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 />17. 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 they t~ day of MG~U Z.GI O <br />BOARD OF ADMINISTRATION CITY COUNCIL <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM CITY OF SAN LEANDRO <br />LOR(~GA~LAND, CHIEF PRESIDING OFFICER <br />EMPLOYERr ERVICES DIVISION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />4 `~ le <br />Witn- a ate <br />Attest: <br />~~ <br />r _ <br />Clerk <br />AMENDMENT ER#0051 <br />PERS-CON-702A <br />