(a) Generally. The City hereby accepts for itself and on behalf of its officials, appointees and employees, except such as are hereinafter excluded from the provisions hereof, their dependents and survivors, the provisions, benefits and protection of the Federal Old Age and Survivors Insurance System, hereinafter designated the "system," established by Title II of the Social Security Act, the same being the Act of Congress approved August 14, 1935, Chapter 531, 49 Stat. 620, including regulations and requirements issued pursuant thereto, as amended or recodified.
"Employee," as used in this section, means an employee as defined by the Social Security Act and shall include both officers and appointees of the City.
The Mayor is hereby authorized and directed to enter into such contracts and make such agreements and stipulations with the administrator of the system in and for the State, or such other State agency for the purpose that may hereafter be designated or created, as may be deemed necessary or expedient by the administrator, or other State agency authorized in the premises, as the case may be, or as required by general law, State or Federal, or any applicable regulations of the State or Federal agency, to extend the benefits and protection of such system to the eligible employees of the City, their dependents and survivors. Such contracts, agreements or stipulations shall be executed in duplicate by the Mayor and attested by the signature of the Clerk-Treasurer with the seal of the City attached thereto, one copy thereof to be filed with and become a part of the permanent records of the City. Such agreement shall be made effective July 1, 1951, in all respects.
The employees, or classes of employees, of the City shall include all such employees as are not excluded from participation in the system by the provisions of subsection (d) hereof, and are hereby determined to be within and entitled to the benefits and protection of the system.
(b) Fund Generally. There is hereby created, and the Clerk-Treasurer is hereby authorized and directed to set up an account to be known as, the Social Security Fund, into which the withholdings authorized by subsection (e) hereof shall be paid together with the proceeds from the tax levy authorized by subsection (g) hereof and any appropriations from available funds that might be made from time to time by Municipal authority for the benefit of the Fund. Such Fund shall be kept segregated and shall be used for no purpose other than those provided for in this chapter.
(c) Disposition of Fund. The moneys in the Social Security Fund shall be paid over to the Tax Commissioner designated by law as the administrator of the Social Security Act for the State, as authorized and provided by regulations promulgated to that end by such administrator.
(d) Excluded Employees. The following employees are hereby determined to be excluded from participation in the Federal Old Age and Survivors Insurance System:
(1) Any employee whose services on the effective date of this section (Ordinance 389, passed June 11, 1951) are employed in a position which is covered by an existing Municipal retirement or pension system, or authorized to be so covered by general law; and
(2) Any employee with respect to any position not authorized for coverage by applicable State or Federal laws or regulations of the Federal administrative agency.
(e) Withholdings. Withholdings from the compensation of eligible employees of the City, as found and determined by this chapter, are hereby authorized, and the City shall impose the same upon such employees as to services covered by this chapter, such withholdings to be made in such amounts and at such times as may be required by general law, State or Federal, and applicable regulations promulgated with respect thereto by State or Federal administrative agencies.
(f) _Records and Reports. The Clerk-Treasurer shall keep such records and make such reports relevant to the administration of the Social Security Act as may be required by general law, State or Federal, or as provided by regulations promulgated by either the State or Federal administrator of the system.
(Ord. 389. Passed 6-11-51. )
(g) Tax Imposed. The Mayor and Council shall levy a tax, in addition to all other taxes, upon the real and personal property in the City in a sum sufficient to defray the cost of the City in meeting the obligations arising by reason of the contracts, agreements or stipulations authorized under this section. The revenue raised by such levy shall be used for no other purpose.
(Ord. 723. Passed 2-10-64. )