97C.4 - OTHER STATES -- JOINT AGREEMENTS.
97C.4 OTHER STATES -- JOINT AGREEMENTS.
Any instrumentality jointly created by this state and any other
state or states is hereby authorized, upon the granting of like
authority by such other state or states, (1) to enter into an
agreement with the federal security administrator whereby the
benefits of the federal old-age and survivors' insurance system shall
be extended to employees of such instrumentality, (2) to require its
employees to pay (and for that purpose to deduct from their wages)
contributions equal to the amounts which they would be required to
pay under section 97C.5 if they were covered by an agreement made
pursuant to section 97C.3, and (3) to make payments to the secretary
of the treasury in accordance with such agreement, including payments
from its own funds, and otherwise to comply with such agreements.
Such agreement shall, to the extent practicable, be consistent with
the terms and provisions of section 97C.3 and other provisions of
this chapter. Section History: Early Form
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97C.4]