[R.O. 2009 §15-71; Ord. No. 95 §1(A), 11-12-1957]
It is hereby declared to be the policy and purpose of the City
of Cool Valley, Missouri, to extend to all eligible employees and
officials of said City, who are not excluded by law or by this Section
and whether employed in connection with a governmental or proprietary
function of the City, the benefits of the system of Federal Old-Age
and Survivors Insurance as authorized by the Social Security Act Amendments
of 1950 and by Senate Committee Substitute for Senate Bill No. 3 of
the 66th General Assembly of the State of Missouri and amendments
thereof, as the same may be now and hereafter in effect.
[R.O. 2009 §15-72; Ord. No. 95 §1(B), 11-12-1957]
The Mayor and Clerk of Cool Valley, Missouri, are hereby authorized and directed, on behalf of this City, to prepare, execute and submit to the Division of Budget and Comptroller of the State as the State agency a plan and agreement for extending benefits to eligible employees and officials of the City of Cool Valley, Missouri, in the form prepared by the State agency and hereby approved and adopted by the Board of Aldermen, which plan and agreement are to become effective upon approval thereof by the State agency and are further authorized and directed to execute agreements and modifications and amendments thereof with the State agency, providing for the extension of benefits to employees and officials as set forth in the plan and agreement, as provided for in Section 140.040. The plan and agreement shall provide that the extension of benefits is to be effective on July 1, 1957.
[R.O. 2009 §15-73; Ord. No. 95 §1(C), 11-12-1957]
Commencing on the first (1st) day of the month following the
date of the approval of the plan and agreement of this City by the
State agency, there shall be deducted from the wages of all employees
and officials for the City of Cool Valley, Missouri, to whom the benefits
of the system of Federal Old-Age and Survivors Insurance are extended,
by virtue of the plan and agreement hereinbefore provided for, the
amount of each of employees' and officials' contributions as determined
by the applicable State and Federal laws and by the plan and agreement.
The aggregate amount of the deductions shall be paid into the State
Contributions Fund after the first (1st) payment of wages made to
each employee and official after the benefits of the system have been
extended to such employees and officials, there shall be deducted
a sum equal to the amount which would have been due and payable from
each employee and official had the extension of benefits been provided
and effective on July 1, 1957.
[R.O. 2009 §15-74; Ord. No. 95 §1(D), 11-12-1957]
Commencing on the first (1st) day of the month following the
date of the approval of the plan and agreement of the City by the
State agency, there is hereby authorized to be appropriated from the
General Revenue Fund of the City of Cool Valley, Missouri, the sums
of money necessary to pay the contributions of the City which shall
be due and payable by virtue of the extension of the benefits of the
Federal Old-Age and Survivors Insurance System to the eligible employees
and officials for said City. The sum of money is to be paid into the
State Contributions Fund. In making the first (1st) payment to the
State Contributions Fund, after the benefits of the system have been
extended to such employees and officials, the first (1st) payment
shall include a sum equal to the amount which would have been due
and payable had the extension of benefits been provided and effective
on July 1, 1957. The fund from which the appropriation is made will,
at all times, be sufficient to pay the contributions of the City by
this Section directed to be paid to the State Contributions Fund.
[R.O. 2009 §15-75; Ord. No. 95 §1(E), 11-12-1957]
The City shall fully comply with and shall keep such records,
make such reports and provide such methods of administration of said
plan and agreement as may be required by all applicable State and
Federal laws, rules and regulations, now and hereafter in effect with
respect to the extension for the benefits of the Federal Old-Age and
Survivors Insurance System to the employees and officials of the City.
For the purpose of administering the plan and agreement, the City
Clerk shall be the official who shall make all required reports, keep
all records and be responsible for the administration of the plan
and agreement on behalf of this City and any and all notices and communications
from the State agency to this City with respect to said plan and agreement
shall be addressed to City Hall.
