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b. A reasonable amount, as fixed by the Board, payable in one installment as the occasions <br />arise, to cover the costs of special valuations on account of employees of Public <br />Agency, and costs of the periodic investigation and valuations required by law. <br />Il. Contributions required of Public Agency and its employees shall be subject to adjustment by <br />Board on account of amendments to the Public Employees' Retirement Law, and on account <br />of the experience under the Retirement System as determined by the periodic investigation and <br />valuation required by said Retirement Law. <br />12. Contributions required of Public Agency and its employees shall be paid by Public Agency to <br />the Retirement System within fifteen days after the end of the period to which said <br />contributions refer or as may be prescribed by Board regulation. If more or less than the <br />correct amount of contributions is paid for any period, proper adjustment shall be made in <br />connection with subsequent remittances. Adjustments on account of errors in contributions <br />required of any employee may be made by direct payments between the employee and the <br />Board. <br />B. This amendment shall be I ctive on the day of <br />9 <br />BOARD OF ADMINISTRATIO <br />PUBLIC EMPLOYEES' RETI=NT SYSTEM <br />BY <br />CHIEF, <br />PUBLIC <br />SERVICES DIVISION <br />S' RETIREMENT SYSTEM <br />PERS-CON-702 (AMENDMENT) <br />(Rev. 1/92) <br />CITY COUNCIL <br />OF THE <br />CITY OF COLTON <br />BY <br />Presiding Officer <br />Witness Date -*r <br />R <br />Attest: <br />Clerk <br />