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(4) 1.205 percent until October <br />liability for the benefits <br />said Retirement Law. <br />30, 1979 on account of the <br />provided under Section 21222..1 of <br />C, A reasonable amount per annus, as fixed by the Poard to cover the <br />costs of c,dministering said System as it affects the employees of <br />Public Agency, not including the costs of spacial valuations or <br />of the periodic investigation and valuations required by law. <br />d: A reasonable -mount as fixed by the Board, payable in one install- <br />ment as the occasions arise, to cover the costs of special valua- <br />tions on account of cmployaes of Public Agency, and costs of the <br />periodic investigation and valuations required by law. <br />8. 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 />9. Contributions required of Public Agency and its employees shall be <br />paid by Public Agency to the Retirement System within thirty days <br />after the end of the period to which said contributions refer or as <br />may be prescribed by Board regulation. If more or less than the <br />correct amount of contributions is paid for any period, proper <br />adjustment shall be mzd a in connection with subsequent remittances, or <br />adjustments on account of errors in contributions required of any <br />employee may be made by direct cash payments between the employee and <br />the Board. Payments by Public Agency to.Board nay be made in the form <br />of warrants, bank checks, bank drafts, certified checks, money orders <br />or cash. <br />B. This amendment shall be attached to said contract and shall be effective on <br />the day of 19—. <br />Witness our hands the <br />BOARD OF ArMINISTRATION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />day of 19_. <br />CITY COUNCIL <br />OF THE <br />CITY OF REDWOOD CITY <br />BY <br />!t`Ctat^15y Blechinger, Executive Officer Presiding Officer <br />Approved as to form: Attest: <br />Legal Uffice, YhRS Clerk <br />PEAS cox -702 <br />