[Adopted 1-24-1964 by L.L. No. 1-1964]
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.