[Adopted 10-9-1953]
The Borough of Jenkintown is hereby authorized to execute and deliver to the state agency a plan or plans and agreement, required under Section 6 of the enabling act and the Social Security Act, to extend coverage to employees and officers of the Borough of Jenkintown and to do all other necessary things to effectuate coverage of employees and officers under the old-age and survivors' insurance system.
[Amended 4-28-1980 by Ord. No. 80-13]
The Borough Manager is hereby authorized to establish a system of payroll deduction to be matched by payments by the Borough of Jenkintown to be made into the Contribution Fund of the Social Security Act through the office of the state agency and to make charges of this tax to the fund or funds from which wage or salary payments are issued to employees of the Borough of Jenkintown. Such payments are to be made in accordance with the provisions of the law and regulations promulgated by the state 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.
Appropriation is hereby made from the proper fund or funds of the Borough of Jenkintown in the necessary amount to pay into the Contribution Fund as provided in Section 4 of the enabling act and in accordance with the plan or plans and agreement. Authority is given to the President and Secretary of the Borough of Jenkintown to enter into an agreement with the state agency, which agreement shall be in accordance with Act No. 491 and with Paragraph 218 of the Social Security Act. Such plan and agreement shall provide that the participation of the Borough of Jenkintown shall commence as of January 1, 1953.