Ordinance 3505 - Laserfiche WebLink

. I i • ORDINANCE NO. 3505 AN ORDINANCE PROVIDING FOR TIC EXTENSION TO TLIE CITY E, IPLOYEES OF THE CITY OF EVERETT COVERED BY URL STATE EiTLOYEES RE`l'IRL' LU T SYSTLI',1 LAE BENEFIT Or OLD AGE .L,D SURVIVOR INSJ A.Au CE AS PROVIDED BY TEE SOCIAL SECURITY ACT OF T1,E UNITED ST-=' TES EFFECTIVE AS OF JANUARY 1, 1955; DECLARING AN PV RGENCY; AND ALLOCATING FUNDS TO COVER COSTS OF PARTICIPATION BY THE CITY OF EVERETT. WHEREAS, the Commissioners of the Olt-7 of Everett at the time of the making of the budget for the year 1955 determined to provide to the city employees covered under the state mployees Retirement System with additional coverage of social security effective January 1, 1955, if the State laws of the State of vash- ington should be so amended as to -provide for such coverage, and WHEREAS, the Legislature, Chanter 4, Laws of Extraordinary Session, 1955, provided that city employees now covered under the State Employees Retirement System may be covered by social security if properly approved by the employees, and IEhEAS, no funds were allocated as no law existed upon which an allocation could be made, NON, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: Section 1: That an emergency is hereby declared to exist and the sum of 4 17,500.00 is hereby an_ propriated out of the City of mverett mployees' Retirement 1''und to cover the participating costs and administrative costs of the City of .Lverett for its employees to be covered under provisions of the Old Age and Survivor Insurance as provided by the Social Security Act of the United States effective as of January- 1, 1955 for the year 1955. That each year thereafter the City Commissioners shall provide in the annual budget sufficient funds to pay the City' s participating and adminis- trative costs for this coverage. Section 2: That a referendum be submitted to all em- ployees of the City of Everett, now covered under the State Employees Retirement System, as shall be directed by Chapter 4, Laws of Extraordinary Session, 1955, and the Governor of the State of 'rashington, on the question of whether or not said employees desire to be excluded from or included under the provisions of the Old Age and Survivor Insurance System embodied in the Social Security Act of the United States. Section 3: That in event the qualified employees of the City of Everett shall elect to be covered under provisions of the Old Age and Survivor Insurance System as embodied in the Social Security Act of the United States the City Clerk shall deduct from such employee ' s salary the amount of the employee ' s tax which is imposed by the Federal Insurance Contribution Act and the amount deducted from such wages shall be paid to the O.A.S.I. Contribution Fund in partial discharge of the liability of the City of Everett. Failure to deduct such contribution shall not relieve the employee or employer of liability therefor. The City of Everett shall, out of the funds appropriated es heretofore set forth, also forward to