The city, in accordance with the provisions of KSA 12-16,102, establishes an employee benefits contribution fund for the purpose of paying the city's share of employee benefits prescribed in this section. The city's share of the cost of employee benefits authorized for payment from the fund created by this section shall include the following:

A. Social security;

B. Kansas public employees retirement system;

C. Workmen's compensation benefits;

D. Employment security, unemployment compensation benefits. (Prior code § 1-506)