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. 4 C - i <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 />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 ctive on the _ <br />BOARD OF ADMINISTRATIOND <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />m <br />BY <br />KENNETH W. MARZION, F <br />ACTUARIAL & EMPLOYE ERVICES DIVISION <br />PUBLIC EMPLOYEES' RZ REMENT SYSTEM <br />6 <br />Z <br />O <br />O <br />C'� <br />t <br />J <br />day of <br />CITY COUNCIL - a <br />CITY OF REDWOOD CITY 1 <br />BY <br />PRESIDING <br />Witness Date <br />Attest: <br />n <br />Clerk Z <br />Qj O <br />4 <br />co <br />Q <br />AMENDMENT ER#8 <br />PERS- CON -702A (Rev. 8\02) <br />14520 <br />