Okla. Stat. tit. 11, § 11-49-100.2
This is the official text of Okla. Stat. tit. 11, § 11-49-100.2, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Firefighters Pension and Retirement System - Creation
Official statutory text
- Powers and duties.
There is created the Oklahoma Firefighters Pension and
Retirement System which shall be a body corporate and an
instrumentality of this state. The System shall be vested with the
powers and duties specified in this article and such other powers as
may be necessary to enable it and its officers and employees to
carry out fully and effectively the purposes and intent of this
article. All assets of the System shall be held in trust for the
exclusive purpose of providing benefits for the members and
beneficiaries of the System or defraying reasonable expenses of
administering the System, and shall not be encumbered for or
diverted to any other purpose or purposes. This System shall be the
responsibility of the state and not that of the participating
municipalities. The System is a qualified governmental retirement
plan under Sections 401(a) and 414(d) of the Internal Revenue Code
of 1986, as amended (26 U.S.C.A. §§ 401, 414) and Section 3(32) of
the Employee Retirement Income Security Act of 1974 (29 U.S.C.A.
§1002(32)). The Board shall administer the System in order to
comply with the applicable provisions of the Internal Revenue Code
of 1986, as amended.
There is created the Oklahoma Firefighters Pension and
Retirement System which shall be a body corporate and an
instrumentality of this state. The System shall be vested with the
powers and duties specified in this article and such other powers as
may be necessary to enable it and its officers and employees to
carry out fully and effectively the purposes and intent of this
article. All assets of the System shall be held in trust for the
exclusive purpose of providing benefits for the members and
beneficiaries of the System or defraying reasonable expenses of
administering the System, and shall not be encumbered for or
diverted to any other purpose or purposes. This System shall be the
responsibility of the state and not that of the participating
municipalities. The System is a qualified governmental retirement
plan under Sections 401(a) and 414(d) of the Internal Revenue Code
of 1986, as amended (26 U.S.C.A. §§ 401, 414) and Section 3(32) of
the Employee Retirement Income Security Act of 1974 (29 U.S.C.A.
§1002(32)). The Board shall administer the System in order to
comply with the applicable provisions of the Internal Revenue Code
of 1986, as amended.
Status: in_force · Read it on the official government site
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