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Okla. Stat. tit. 47, § 47-2-304

This is the official text of Okla. Stat. tit. 47, § 47-2-304, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.

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Contributions to fund - Amount - Deduction by employer -

Official statutory text

Pick-up of member contributions.

A. Participating employers shall contribute to the fund an

amount equal to eleven percent (11%) of the actual paid base salary

of each member.

B. Each member of the System shall make contributions to the

fund in an amount equal to eight percent (8%) of the actual paid

base salary of the member.

Member contributions shall be deducted by each participating

employer for such benefits as the Board is by law authorized to

administer and shall be remitted monthly, or as the Board may

otherwise provide, for deposit in the fund.

C. Each employer shall pick up under the provisions of Section

414(h)(2) of the Internal Revenue Code of 1986 and pay the

contribution which the member is required by law to make to the

System for all compensation earned after December 31, 1989.

Although the contributions so picked up are designated as member

contributions, such contributions shall be treated as contributions

being paid by the employer in lieu of contributions by the member in

determining tax treatment under the Internal Revenue Code of 1986

and such picked up contributions shall not be includable in the

gross income of the member until such amounts are distributed or

made available to the member or the beneficiary of the member. The

member, by the terms of this System, shall not have any option to

choose to receive the contributions so picked up directly and the

picked up contributions must be paid by the employer to the System.

Member contributions which are picked up shall be treated in the

same manner and to the same extent as member contributions made

prior to the date on which member contributions were picked up by

Oklahoma Statutes - Title 47. Motor Vehicles Page 130

the participating employer. Member contributions so picked up shall

be included in gross salary for purposes of determining benefits and

contributions under the System.

The employer shall pay the member contributions from the same

source of funds used in paying salary to the member, by effecting an

equal cash reduction in gross salary of the member.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.