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<br /> <br /> <br />b. 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 /> <br />19. Contributions required of Public Agency and its employees shall be subject <br />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 /> <br />20. 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 <br />the period to which said contributions refer or as may be prescribed by <br />Board regulation. If more or less than the correct amount of contributions <br />is paid for any period, proper adjustment shall be made in connection with <br />subsequent remittances. Adjustments on account of errors in contributions <br />required of any employee may be made by direct payments between the <br />employee and the Board. <br /> <br />B. This amendment shall be effective on the _____ day of _______________, ______. <br /> <br />BOARD OF ADMINISTRATION CITY COUNCIL <br />PUBLIC EMPLOYEES’ RETIREMENT SYSTEM CITY OF SAN LEANDRO <br /> <br /> <br />BY____________________________________ BY______________________________ <br />MELODY BENAVIDES, CHIEF PRESIDING OFFICER <br />PENSION CONTRACTS AND PREFUNDING <br />PROGRAMS DIVISION <br /> <br />PUBLIC EMPLOYEES’ RETIREMENT SYSTEM <br /> <br /> ________________________________ <br /> Witness Date <br /> <br /> Attest: <br /> <br /> ________________________________ <br /> Clerk <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />AMENDMENT CalPERS ID #7713051229 <br />PERS-CON-702A