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<br />12. 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 /> <br />13. 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 ,.pf any employee may be made by direct <br />payments between the emplp,~A-e and the Board. <br />, C\~"~ <br />,:;:- ..) <br />B. This amendment shall be eff~~'V'e on the day of <br />..:x'\ <br />BOARD OF ADMINISTRATI~~~ CITY COUNCIL <br />PUBLIC EMPLOYEES' Rl=\.fJ~MENT SYSTEM CITY OF REDWOOD CITY <br />~ey <br />~\J <br />BY ~ <br />LORI MCG. ~.' ND, CHIEF <br />EMPLO~~ ERVICES DIVISION <br />PUBLlC%'I\1PLOYEES' RETIREMENT SYSTEM <br /> <br />BY " <br />PRESIDING OFFICER ..' ,~\'~\, <br />,"'!\ ()"~'/ <br />,0" <br />/~-\ '\ <br />~"'() <br />...... <br />Witness DC\~~:}"~ <br />,0~ <br />Att~~~~V <br />.'. <". \) <br />\',~'ov <br /><'" ,(' <br />0\.); <br />'\ Clerk <br /> <br />AMENDMENT ER# 8 <br />PERS-CON-702A (Rev. 10\05) <br />