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EXHIBIT
<br />
<br /> California
<br />Public Employees' Retirement System
<br />
<br /> ENDMENT TO CONTRACT
<br />
<br /> Between the
<br /> Board of Administration
<br />California Public Employees' Retirement System
<br />and the
<br /> City Council
<br /> City of Pleasanton
<br />
<br />The Board of Administration, California Public Employees' Retirement System, hereinafter
<br />referred to as Board, and the governing body of the above public agency, hereinafter
<br />referred to as Public Agency, having entered into a contract effective September 1, 1953,
<br />ami witnessed May 18, 1953, and as amended effective April 1, 1962, October 21, 1972,
<br />SelDternber 28, 1973, January 5, 1980, January 3, 1981, April 11, 1981, September 20,
<br />19116, February 18, 1987, June 13, 1987, September 5, 1987, February 26, 1993, May 7,
<br />1993, December 8, 1995. April 1, 1996, May 3, 1996, October 31, 1998, April 17, 1999 and
<br />February 9, 2001 which provides for participation of Public Agency in said System, Board
<br />and Public Agency hereby agree as follows:
<br />
<br />Paragraphs 1 through 13 are hereby stricken from said contract as executed
<br />effective February 9, 2001, and hereby replaced by the following paragraphs
<br />numbered 1 through 13 inclusive:
<br />
<br />All words and terms used herein which are defined in the Public Employees'
<br />Retirement Law shall have the meaning as defined therein unless otherwise
<br />specifically provided. "Normal retirement age" shall mean age 55 for local
<br />miscellaneous members and age 50 for local safety members.
<br />
<br />Public Agency shall participate in the Public Employees' Retirement System
<br />from and after September 1, 1953 making its employees as hereinafter
<br />provided, members of said System subject to all provisions of the Public
<br />Employees' Retirement Law except such as apply only on election of a
<br />ccmtracting agency and are not provided for herein and to all amendments to
<br />said Law hereafter enacted except those, which by express provisions
<br />thereof, apply only on the election of a contracting agency.
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