The Borough Secretary is hereby authorized and directed to establish a system of tax deductions from the salary list and payroll of Borough officers and employees, in accordance with the Federal and State Acts referred to in Section 286.01. Such deductions shall be matched by payments from the General Fund of the Borough and the total of such tax deductions and contributions shall be paid into the contribution fund set up by the Social Security Act, through the office of the State agency, as specified in Section 286.02. All payments shall be made in accordance with the provisions of such Federal and State Acts and in accordance with rules and regulations promulgated by the State agency and the Federal Security Administrator. Delinquent payments shall bear interest at the rate of one-half of one percent per month until paid.
(Ord. 540. Passed 7-7-52. )