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13. Contributions required of Public Agency and its employees shall be subject to <br />adjustment by Board on account of amendments to the Public Employees' <br />Retirement Law, and on account of the experience under the Retirement System <br />as determined by the periodic investigation and valuation required by said <br />Retirement Law. <br />14. Contributions required of Public Agency and its employees shall be paid by <br />Public Agency to the Retirement System within fifteen days after the end of the <br />period to which said contributions refer or as may be prescribed by Board <br />regulation. If more or less than the correct amount of contributions is paid for any <br />period, proper adjustment shall be made in connection with subsequent <br />remittances. Adjustments on account of errors in contributions required of any <br />employee may be made by direct payments between the employee and the Board. <br />B. This amendment shall be effective on the <br />BOARD OF ADMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />BY <br />KENNETH W. MARZION, CHIEF <br />ACTUARIAL & EMPLOYER SERVICES DIVISION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />AMENDMENT <br />PERS-CON-702A (Rev. 8\96) <br />day of , 19 <br />CITY COUNCIL <br />OF THE <br />CITY Of §AN LEANDRO <br />BY <br />PRESIDING OFF-tCtR <br />Witness Date', <br />ds` <br />Attest: <br />Clerk <br />