(A) It is hereby declared to be the policy and purpose of the city 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 said city, the benefits of the system of Federal Old-Age, Survivors, Disability Insurance, as authorized by the RSMo. §§ 105.300 through 105.445, as the same may be now and hereafter in effect.
(B) There shall be deducted from the wages of all employees and officials of the city, to whom the benefits of said system of Federal Old-Age, Survivors, Disability Insurance are extended, by virtue of the plan and agreement hereinbefore provided for, the amount of each of said employees’ and officials’ contributions, as determined by the applicable state and federal laws and by said plan and agreement, the aggregate amount of said deductions to be paid into the OASDI Trust Fund created pursuant to RSMo. § 105.390: provided, however, that from the first payment of wages made to each of said employees and officials after the benefits of said 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 said employee and official had said extension of benefits been provided and effective on January 1, 1988.
(C) There is hereby authorized to be appropriated from the General Fund, and there is, and shall be, appropriated the sum or 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, Survivors, Disability Insurance System to the eligible employees and officials of said city, said sum or sums of money to be paid into the OASDI Trust Fund created pursuant to RSMo. § 105.390: provided, however, that in making the first payment to said OASDI Trust Fund, after the benefits of said system have been extended to such employees and officials, said first payment shall include a sum equal to the amount which would have been due and payable had said extension of benefits been provided and effective on January 1, 1988. The fund from which said appropriation is made will, at all times, be sufficient to pay the contributions of the city by this section directed to be paid to said OASDI Trust Fund.
(D) 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 of the benefits of the Federal Old-Age, Survivors, Disability Insurance System to the employees and officials of this city. For the purpose of administering said 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 said plan and agreement.
(Ord. 88-50, passed 3-21-1988)