(A) The borough is hereby authorized to execute and deliver to the state agency a plan or plans and agreement required under § 6 of said enabling Act, being 42 U.S.C. §§ 401 et seq. and the Social Security Act, being 42 U.S.C. §§ 401 et seq. to extend coverage to employees and officers of the borough and to do all other necessary things to effectuate coverage of employees and officers under the Old Age and Survivors Insurance System.
(B) The Borough Secretary is hereby authorized to establish a system of payroll deduction to be matched by payments by the borough to be made into a contribution fund of the Social Security Act, being 42 U.S.C. §§ 401 et seq. through the office of the state agency, and to make charges of this tax to the fund or funds from which wage or salary payments are issued to employees of the borough. Such payments are to be made in accordance with the provisions of the law and regulations promulgated by the state agency and the Federal Security Administrator. Such payments which are delinquent shall bear interest at the rate of 0.5% per month until such time as payments are made.
(C) An appropriation is hereby made from the proper fund or funds of the borough in the necessary amount to pay into the contribution fund as provided in § 4 of the Enabling Act, being 42 U.S.C. §§ 401 et seq. and in accordance with the plan or plans and agreement. Authority is given to the Council and the Borough Secretary to enter into an agreement with the state agency, which agreement shall be in accordance with Act No. 491 and with paragraph 218 of the Social Security Act, being 42 U.S.C. §§ 401 et seq., which plan and agreement shall provide that the participation of the borough shall commence as of January 1, 1953.
(Ord. 274, passed 1-1-1953)