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CalPERS <br /> EXHIBIT <br /> <br /> California <br /> Public Employees' Retirement System <br /> <br /> AMENDMENT TO CONTRACT <br /> Between the <br /> Board of Administration <br /> California Public Employees' Retirement System <br /> and the <br /> Town Council <br /> Town of Truckee <br /> <br /> The Board of Administration, California Public Employees' Retirement System, <br /> hereinafter referred to as Board, and the governing body of the above public agency, <br /> hereinafter referred to as Public Agency, having entered into a contract effective <br /> November 20, 1994, and witnessed December 13, 1994, and as amended effective July <br /> 21, 2002 which provides for participation of Public Agency in said System, Board and <br /> Public Agency hereby agree as follows: <br /> <br />A. Paragraphs I through 11 are hereby stricken from said contract as executed <br /> effective July 21, 2002, and hereby replaced by the following paragraphs <br /> numbered 1 through 12 inclusive: <br /> <br /> 1. All words and terms used herein which are defined in the Public <br /> Employees' Retirement Law shall have the meaning as defined therein <br /> unless otherwise specifically provided. "Normal retirement age" shall <br /> mean age 55 for local miscellaneous members and age 50 for local safety <br /> members. <br /> <br /> <br />