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CalPERS EXHIBIT California Public Employees' RetirementSystem AMENDMENT TO CONTRACT Between the Board of Administration California Public Employees' Retirement System and the Cit~ Council City of Redwood City The Board of Administration, California Public Employees' Retirement System, hereinafter referred to as Board, and the governing body of the above public agency, hereinafter referred to as Public Agency, having entered into a contract effective July 1, 1941, and witnessed July 11, 1941, and as amended effective July 1, 1954, August 1, 1959, January 1, 1967, April 1, 1969, July 1, 1971, September 1, 1971, September 28, 1973, December 1, 1975, November 1, 1976, July 1, 1979, February 1, 1980, March 13, 1989, August 23, 1990, February 13, 1992 and January 14, 1993 and June 22, 1998 which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 12 are hereby stricken from said contract as executed effective June 22, 1998, and hereby replaced by the following paragraphs numbered 1 through 12 inclusive: 1. All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 55 for local miscellaneous members and age 50 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after July 1, 1941 making its employees as hereinafter provided, members of said System subject to all provisions of the Public Employees' Retirement Law except such as apply only on election of a contracting agency and are not provided.for herein and to all amendments to said Law hereafter enacted except those, which by express provisions thereof, apply only on the election of a contracting agency. -~- 2182