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b. With respect to local safdty members, the agency shall contribute <br />the following percentages of monthly salaries earned as local <br />safety members of said Retirement Systems <br />(1) 32.527 percent until June 30, 2000 on account of the <br />liability for current service benefits. <br />c. A reasonable amount, as fixed by the Board, payable in one instal- <br />lment within 60 days of date of contract to cover the costs of ad- <br />ministering said System as it affects the employees of Public Ag- <br />ency, not including the costs of special valuations or of the per- <br />iodic investigation and valuations required by law. <br />d. A reasonable amount an fixed by the Board, payable in one instal- <br />lment as the occasions anise, tocover the costs of special valua- <br />tions on account of employees of Public Agency, and costs of ti:e <br />periodic investigation and valuations required by lax. <br />10. Contributions required of Public Agency and its employees shall be sub- <br />ject to adjustment by Board on account of amendments to the Public Em- <br />ployees' Retirement Lair, and on account of the experience under the Re- <br />'Cirement System as determined by the periodic investigation and valua- <br />tion required by said Retirement Law. <br />11. Contributions required of Public Agency and its employees shall be <br />paid by Public Agency to the Retirement system within thirty days af- <br />ter the and of the period to which said contributions refer or as say <br />be prescribed by Board regulation. If more or lees than the correct <br />amount of contributions is paid for any period, proper adjustment <br />shall be made in connection with subsequent remittances, or adjust- <br />ments on aocount of errors in contributions required of any employee <br />may be made by direct cash payments between the employee and the <br />Board. Payments by Public Agency to Board may be sada in the form of <br />warranter, bank checks, bank drafts, certified checks, money orders or <br />cash. <br />B. This emendment shall be attached to said contract and shall be effective on <br />the 24th day of September . __ ,,,,.,, , 19 83. <br />Witness our bands the / 7 Y41 . _ day of _,._-, 19A1 <br />BOARD OF ADMINISTRATION <br />PUBLIC MLOYBES' RETIREMENT SYSTEM <br />BY <br />CA J. HINGER, LX TIME OFFICER <br />Approved as to form: <br />CITr COUNCIL <br />OF THE <br />CITY OF COLTON <br />Attest: <br />d"Officer <br />_A <br />ft\, I V�) a <br />Margaret J. o®hn,yqsl Dat Clerk <br />7. ,i <br />PERS CON -702 <br />