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IS. 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 />16. 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. T4amendment shall be effective on the <br />BOARDO�NISTRATION <br />PUBLIC EM EES' <br />RETIREMENT SYSTEM <br />BY <br />KAREN DE FRANK,F <br />CUSTOMER ACCOU <br />RV[CES DIVISION <br />PUBLIC EMPLOYEES' <br />EMENT SYSTEM <br />AMENDMENT CaFERS1D#1mo58o23 <br />PERS-00147WA <br />day of <br />CITY COUNCIL <br />CITY OF COLTON <br />BY� <br />PRESlG OFFICER <br />Winess Date <br />Attest. <br />Clerk .' <br />