The City, in accordance with the provisions of 65 P.S. § 201 et seq., as amended, is hereby authorized to submit for approval by the state agency a plan or agreement for extending the benefits of Title II of the Social Security Act, in conformity with applicable provisions of such act, to the employees and officers, as defined in 65 P.S. § 201 et seq., as amended, of the City. Such plan shall conform to the agreement entered into by the state agency, with the approval of the Governor, and the federal security administrator and shall conform to such requirements as are provided in regulations of the state agency and shall incorporate the provisions of 65 P.S. § 201 et seq., as amended. It shall be effective with respect to services in employment performed on and after the first day of January 1951 or such later date as may be specified in the agreement entered into between the state agency and the Federal Security Administration.
Upon the approval of such plan by the state agency and in accordance with the regulations prescribed by such agency, contributions in respect to wages of employees and officers of the City, in the amounts and at the rates specified in the applicable agreement entered into by the state agency, shall be paid by the City into the Contribution Fund set up by 65 P.S. § 201 et seq., as amended, and the City Clerk shall be authorized to make deductions by way of contributions from the wages of the employees and officers to whom coverage has been extended, in the amounts and at the rates specified by the state agency, but in no circumstances to exceed the per centum set forth in 65 P.S. § 201 et seq., as amended. Such deductions, when collected, shall be paid into the Contribution Fund in partial discharge of the liability of the City to such Contribution Fund. In the event that any employee fails to pay a contribution due from him or her, in the amount and at the rate specified by the state agency, such payment shall be delinquent and shall bear interest at the rate of 6% per annum.
The Mayor and the City Manager are hereby delegated and authorized to act in and for the City in the preparation, submission and execution of any plan, agreement or agreements necessary for the purpose of carrying out the provisions of this article and to provide for the coverage of employees and officers of the City with old-age and survivor insurance protection as provided for in Title II of the Federal Social Security Act, as amended.
A sum in the amount prescribed by regulations of the state agency is hereby appropriated from the proper funds of the City for the purpose of paying the same to the Contribution Fund in accordance with the applicable agreement entered into by the state agency under 65 P.S. § 201 et seq., as amended.