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12. 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 effKtive on the day of , <br />N. <br />BOARD OF ADMINISTRATION o�� CITY COUNCIL <br />PUBLIC EMPLOYEES' RETIk ENT SYSTEM CITY OF COLTON <br />N <br />BY cry BY a� <br />KENNETH W. MARZIO �HIEF <br />ACTUARIAL & EMPLR SERVICES DIVISION <br />PUBLIC EMPLOYEEA4METIREM ENT SYSTEM <br />4 <br />9 <br />AMENDMENT <br />PERS-CON-702A (Rev. 8\96) <br />PRESIDING OFF[' - <br />b <br />Witness D� <br />Attest:Q�� <br />Clerk <br />