[Adopted 2-2-1953 by Ord. No. 395 (Sec. 260.03 of 1982 Code)]
A.
The proper officers of Council shall execute and deliver to the State
Social Security Agency a plan and agreement, required under Section
6 of Act No. 491 of 1951, as amended, and the Social Security Act,
to extend coverage of employees and officers of the Borough and to
do all other necessary things to effectuate coverage of employees
and officers under the Old Age and Survivors Insurance System.
B.
The Borough Secretary shall establish a system of payroll deductions
to be matched by payments by the Borough to be made into the contribution
fund of the Social Security Act through the office of the State Social
Security Agency, and to make charges of this tax to the fund from
which wage or salary payments are issued to employees of the Borough.
Such payments shall be made in accordance with the laws and regulations
promulgated by the State Social Security Agency and the Federal Social
Security Administrator. Such payments which are delinquent shall bear
interest at the rate of 1/2 of 1% per month until such time as payments
are made.
C.
An appropriation is hereby made from unappropriated funds in the
general fund of the Borough in the necessary amount to pay into the
contribution fund as provided in Section 4 of Act No. 491 of 1951,
as amended, and in accordance with the plan and agreement. Further,
the Mayor and the Secretary are hereby authorized and directed to
enter into an agreement with the State Social Security Agency, which
agreement shall be in accordance with such Act and with paragraph
218 of the Social Security Act. Such plan and agreement shall provide
that the participation of the Borough shall commence as of January
1, 1951.
