§ 1.7.8 RETIREMENT SYSTEM.
   (A)   Authorization of officers. The Mayor and City Clerk/Treasurer are hereby authorized for and on behalf of the City to make and enter into an appropriate agreement with the State Board of Equalization of the state; and to execute and deliver to the State Board of Equalization such plan or agreement required under § 3 of Chapter 44 of the Social Security Act to extend coverage to employees and officers of the City and to do all other things necessary to effectuate coverage of employees under the Old Age and Survivors’ Insurance System of the Social Security Act.
(1985 Code, § 2.32.010)
   (B)   Deduction from salaries. The Clerk is hereby authorized to establish a system of payroll deductions to be matched by payments of the City to be made into the contribution fund of the Social Security Act through the State Board of Equalization, and to make charges of this contribution to the fund, or funds, from which wages or salary payments are issued to the employees of the City. Such payments are to be in accordance with the provisions of § 1400 of the Federal Insurance Contribution Act on all services which constitute employment with the meaning of the Act. Payments are made to the State Board of Equalization shall be due and payable on or before the eighteenth day of the month immediately following the completed calendar quarter, and such payment which are delinquent shall bear interest at the rate of 0.5% per month until such time as payments are made.
(1985 Code, § 2.32.020)
   (C)   Appropriation of funds. Appropriation is hereby authorized for the proper fund or funds of the City in the necessary amount to pay into the contribution fund as provided in § 5 of the Enabling Act, Chapter 44 referred to, and in accordance with the plan or plans and agreement; such agreement contemplated by this chapter shall in all respects comply with the terms and provisions of said Chapter 44 and with paragraph 218 of the Social Security Act.
(1985 Code, § 2.32.030)