The Town Board of the Town of Babylon shall
have the right to enter into a contract of group life insurance, group
hospital, medical or surgical insurance and group sickness, health
and accident insurance with any insurance company authorized to write
such insurance in the State of New York for the benefit of the permanent
employees and elected and appointed officials of said Town.
The Town Board of said Town of Babylon shall
have the right to pay, in whole or in part, the premium cost of such
insurance from the funds of said Town.
If the Town Board of said Town of Babylon elects
to pay the premium cost of such insurance in part only, the Town Board
shall have the right to require any employee participating in any
group insurance contract entered into by said Town for his benefit
to sign a salary deduction authorization to cover said employee's
proportionate share of the premium cost chargeable to his participation.