(1) Any employer participating in the social security supplemental plan created pursuant to section 31-31-704.6 may also elect coverage under the statewide death and disability plan by filing with the board a resolution to that effect from the governing body of such employer.
(2) Any social security employer that offers coverage under the statewide death and disability plan must also participate in the social security supplemental retirement plan created pursuant to section 31-31-704.6. Coverage under the statewide death and disability plan for any social security employer not participating in the social security supplemental retirement plan may be terminated by the board on or after January 1, 2017.