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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 /> <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 /> <br /> be~.~,fective on the __ day of <br />B. <br /> This <br /> amendment <br /> shall <br /> <br />BOARD OF ADMINISTRATIOI~ CITY COUNCIL <br />PUBLIC EMPLOYEES' RETIRE-MENT SYSTEM CITY OF REDWOOD CITY <br /> <br />BY BY <br />KENNETH W. MARZION, C/f~F PRESIDING OFFICER <br />ACTUARIAL & EMPLOYERt~ERVlOES DIVISION <br /> EMPLOYEES' <br /> SYSTEM <br />PUBLIC R~:;[EMENT <br /> <br /> .~. Witness Date <br /> Attest: r.~ <br /> O <br /> <br /> '~l Clerk ~)' <br /> <br />AMENDMENT ER# 8 <br />PERS~CON-702A (Rev. 8\02) <br /> <br /> 1~520 <br /> <br /> <br />