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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 />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 of any employee may be made by direct <br />payments between the employee and the Board. <br />B. This amendment shall be ective on the <br />BOARD OF ADMINISTRATIOIN <br />PUBLIC EMPLOYEES' RETVE —MENT SYSTEM <br />BY <br />KENNETH W. MARZION, <br />ACTUARIAL & EMPLOYE <br />PUBLIC EMPLOYEES' R <br />i DIVISION <br />SYSTEM <br />O <br />Q <br />LI <br />AMENDMENT ER #8 <br />PERS- CON -702A (Rev. 8 \02) <br />day of <br />CITY COUNCIL <br />CITY OF REDWOOD CITY �- <br />BY <br />PRESIDING OFFICER <br />Witness Date <br />Attest: 0 <br />Clerk Z <br />O <br />CO <br />IT <br />a <br />14520 <br />