Okla. Stat. tit. 74, § 74-920B
This is the official text of Okla. Stat. tit. 74, § 74-920B, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Remittance of retirement contributions
Official statutory text
A. All participating employers shall remit to the Oklahoma
Public Employees Retirement System all required retirement
contributions due on a monthly basis. All employee contributions
withheld shall be considered trust funds held by the employer on
behalf of the employee and shall be promptly remitted to the System
pursuant to subsection B of this section.
B. For non-state agency employers, all required employer and
employee contributions and supporting documentation are due and must
be received by the System on or before the fifteenth day of the
month following the month for which the contributions are due. For
state agency employers, all required employer and employee
contributions and supporting documentation are due and must be
received by the System on or before the fifteenth day following the
last day of the payroll period for which said contributions are due.
C. Employer and employee contributions remitted to the System
after thirty (30) days from the due dates set forth in subsection B
Oklahoma Statutes - Title 74. State Government Page 705
of this section shall be subject to a monthly late charge of three
percent (3%) of the unpaid balance to be paid by the employer to the
System.
Public Employees Retirement System all required retirement
contributions due on a monthly basis. All employee contributions
withheld shall be considered trust funds held by the employer on
behalf of the employee and shall be promptly remitted to the System
pursuant to subsection B of this section.
B. For non-state agency employers, all required employer and
employee contributions and supporting documentation are due and must
be received by the System on or before the fifteenth day of the
month following the month for which the contributions are due. For
state agency employers, all required employer and employee
contributions and supporting documentation are due and must be
received by the System on or before the fifteenth day following the
last day of the payroll period for which said contributions are due.
C. Employer and employee contributions remitted to the System
after thirty (30) days from the due dates set forth in subsection B
Oklahoma Statutes - Title 74. State Government Page 705
of this section shall be subject to a monthly late charge of three
percent (3%) of the unpaid balance to be paid by the employer to the
System.
Status: in_force · Read it on the official government site
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