A. Policy And Purpose: It is hereby declared to be the policy and purpose of the village to extend to the eligible employees thereof, effective as of July 1, 1974, the benefits of the federal old age, survivors and disability insurance provisions of the federal social security act and amendments thereto. In pursuance of said policy, and for that purpose, the village president shall take such action as may be required by applicable state and federal laws or regulations.
B. Execution Of Agreement With State: The village president is hereby authorized and directed to execute an agreement with the social security unit of the state employees' retirement system of Illinois to secure coverage of eligible employees as provided in this section.
C. Withholdings; Remittance: Withholdings from salaries or wages of employees for the purpose provided in this section are hereby authorized to be made in the amounts and at such times as may be required by applicable state and federal laws or regulations, and shall be paid over to the state agency in such amounts and at such times as are designated by state laws or regulations.
D. Employer Contributions And Administrative Expenses: Employer contributions and administrative expense shall be paid to the state agency in accordance with applicable state laws and regulations from amounts appropriated for such purposes.
E. Records And Reports: The village treasurer shall maintain such records and submit such reports as may be required by applicable state and federal laws or regulations. (1984 Code § 1-6-3)