(a) Benefits of Coverage. The extension of the Social Security System to employees and officers of the Borough 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 also to the Borough by enabling it to attract and retain in employment the best of personnel and thus increase the efficiency of its government.
(b) Extension of Coverage. The 1951 Session of the General Assembly of the Commonwealth, 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, Eighty-first Congress, which designated the Secretary of Labor and Industry of the Commonwealth to act as the State Agency to implement the coverage of employees and officers under the Old Age and Survivors Insurance System. The Borough 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 and to do all other necessary things to effectuate coverage of employees and officers under the Old Age and Survivors Insurance System.
(c) Payroll Deduction System; Matching Borough Payments. The Secretary/Treasurer is hereby authorized to establish a system of payroll deductions, to be matched by payments by the Borough, 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 and officers of the Borough. 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 Administration. Payments which are delinquent shall bear interest at the rate of one-half of one percent per month until such time as payments are made.
(d) Appropriation Into Contribution Fund; Date Participation Commences. Appropriation is hereby made from the proper fund or funds of the Borough 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 hereby given to the President of Council and the Secretary/Treasurer 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 shall commence as of January 1, 1951.
(Ord. 1207. Passed 6-6-52.)