The proper officers of the Borough of Indiana
are hereby authorized to execute and deliver to the Secretary of Labor
and Industry of the Commonwealth of Pennsylvania, the state agency,
a plan or plans and agreement, required under Section 6 of said enabling
Act and the Social Security Act, to extend coverage to employees and
officers of the Borough of Indiana and do all other necessary things
to effectuate coverage of employees and officers under the Old Age
and Survivors Insurance System.
The Clerk is hereby authorized to establish
a system of payroll deductions to be matched by payments by the Borough
of Indiana 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 Indiana. Such payments are to
be made in accordance with the provisions of the law and regulations
promulgated by the state agency and the Federal 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 Indiana 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 proper officials of the Borough of Indiana 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 Indiana shall commence as of January 1, 1951.