Section 40 ILCS 5/7-170 - Federal Social Security coverage(a) It is declared to be the policy and purpose to extend to covered employees as defined in Section 7-138, the benefits of the Federal Old Age and Survivors Insurance System as authorized by the Federal Social Security Act and amendments thereto. To effect this, the board shall take such action as may be required by applicable State and Federal laws or regulations.(b) The board shall execute an agreement with the State Agency to secure coverage of covered employees as provided in paragraph (a) of this section.(c) Each participating municipality and each participating instrumentality shall remit payment of contributions for Social Security purposes on behalf of covered employees and covered municipalities and participating instrumentalities as required by applicable State and federal laws and regulations.(d) Contributions of covered employees for Federal Social Security purposes shall be paid in such amounts and at such time as required by applicable State and federal laws and regulations.(f) The board shall maintain such records and submit such reports as may be required by applicable State and Federal laws or regulations.Amended by P.A. 097-0933,§ 5, eff. 8/10/2012.Amended by P.A. 096-1084,§ 5, eff. 7/16/2010.