It is the considered opinion of the governing
body that the extension of the Social Security System to employees
and officers of the Borough of North Wales will be of great benefit,
not only to the employees of the Borough by providing that said employees
and officers may participate in the provisions of the Old Age and
Survivors Insurance System, but will also be of great benefit to the
Borough of North Wales by enabling it to attract and retain in employment
the best of personnel and thus increase the efficiency of its government.
The 1951 Session of the General Assembly of
the Commonwealth of Pennsylvania, in regular session, enacted a statute,
known as "Act No. 491," which is the enabling Act provided for in Section 218
of Public Law 734, 81st Congress, which designated the Secretary of
Labor and Industry of the Commonwealth of Pennsylvania to act as the
state agency to implement the coverage of employees and officers under
said Old Age and Survivors Insurance System. The Borough of North
Wales is hereby authorized to execute and deliver to 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 North Wales and do all other necessary
things to effectuate coverage of employees and officers under the
Old Age and Survivors Insurance System.
[Amended 11-22-1994 by Ord. No. 674]
The Borough Secretary is hereby authorized to
establish a system of payroll deduction to be matched by payments
by the Borough of North Wales 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 North
Wales. Such payments are to be made in accordance with the provisions
of the laws and regulations promulgated by the state agency and the
Federal Security Administrator. Such payments which are delinquent
shall bear interest at a rate of one-half of one percent (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 North Wales 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 Mayor and the Secretary of the Borough of
North Wales 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 North Wales shall commence
as of October 1, 1952.