It is hereby declared to be the policy and purpose of the town to extend effective
as of July 1, 1975, to the employees and officials thereof, not excluded by law, nor
excepted herein, the benefits of the system of old age and survivors insurance as
authorized by the Federal Social Security Act and amendments thereto, and by F.S.
§ 650.01 et seq., and to cover by such plan all services which constitute employment
as defined in F.S. § 650.02, performed in the employ of the town by employees and
officials thereof, except elective positions, and positions for which compensation
is on a fee basis.