(A) Benefits extended.
(1) It is hereby declared to be the policy and purpose of the town to extend, at the earliest date, to the employees and officials thereof, not excluded by law or ordinance, and whether employed in connection with a governmental or proprietary function, the benefits of the system of federal old age and survivors’ insurance as authorized by the Federal Social Security Act and amendments thereto, being 42 U.S.C. §§ 401 et seq.
(2) In pursuance of said policy, and for that purpose, the town shall take such action as may be required by applicable state or federal laws or regulations.
(B) Mayor authorized to execute agreements. The Mayor of the town is hereby authorized and directed to execute all necessary agreements and amendments thereto with the State Department of Institutions, Social and Rehabilitative Services, as agent or agency, to secure coverage of employees and officials as provided in division (A) of this section.
(C) Withholdings from salaries and wages. Withholdings from salaries or wages of employees and officials for the purpose provided in division (A) of this section are hereby authorized to be made in the amounts and at such times as may be required by applicable state or federal laws or regulations, and shall be paid over to the state or federal agency designated by said laws or regulations.
(D) Appropriations for employer’s contributions. There shall be appropriated from available funds such amounts at such times as may be required by applicable state or federal laws or regulations for employer’s contributions, which shall be paid over to the state or federal agency designated by said laws or regulations.
(E) Records and reports. The town shall keep such records and make such reports as may be required by applicable state or federal laws or regulations.
(F) Employees and officers now covered by other retirement systems. There is hereby excluded from this section any authority to make any agreement with respect to any position or any employee or official now covered or authorized to be covered by any other ordinance creating any retirement system for any employee or official of the town.
(G) Employees and officers on a fee basis excluded. There is hereby excluded from this section any authority to make any agreement with respect to any position or any employee or official whose compensation is on a fee basis, or any position or any employee or official not authorized to be covered by applicable state or federal laws or regulations.
(Prior Code, § 1-7-6)