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b. A reasonable amount, as fixed by the Board, payable in one <br />installment within 64 days of date of contract to cover the costs of <br />administering said System as it affects: the employees of Public <br />Agency, not including the costs of special valuations or of the <br />periodic investigation and valuations required by law. <br />C. A reasonable amount, as fixed by the Board,. payable in one <br />installment as the occasions arise, to cover the costs of special <br />valuations on account of employees of Public Agendy, and costs of <br />the periodic investigation and valuations required by law. <br />14. 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 />15. 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 shalt be made in <br />connection with subsequent remittances. Adjustments on account of. <br />errors in contributions required of any employee maybe made by direct <br />payments between the employee and the Board. <br />B. This amendment shalt be effective o�Q t_ day of <br />BOARD OFADMINISTRATIIO \ CITY COUNCIL <br />PUBLIC EMPLOYEEnS`' ENT SYSTEM CITY OF. COLTON <br />BY ire05 �o <br />� BY PIA <br />DARRYL WATSON, CHIEF PRESIDIN <br />CUSTOMER ACCOUNT SERVICES DIVISION <br />PUBLIC EMPLOYEES' RETIREMENT SYSTEMP�L�� <br />Witness Date <br />Attest: <br />Clerk <br />AMENDN04T ERB70 <br />PERS•0014-702A <br />