Okla. Stat. tit. 74, § 74-935.3
This is the official text of Okla. Stat. tit. 74, § 74-935.3, 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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Internal Revenue Service recognition
Official statutory text
The Board of Trustees of the Oklahoma Public Employees
Retirement System (Board) shall take whatever action is reasonable
and necessary to have the defined contribution system authorized by
this act to be recognized as a tax-qualified plan as that term is
defined by Section 401 et seq. of Title 26 of the United States
Code, or any other applicable provisions of federal law. The Board
is also authorized to establish a plan or use an existing plan
established under Section 457(b) of Title 26 of the United States
Code, if it is necessary to carry out the intent of this act. The
Board shall take whatever action is reasonable and necessary to
obtain confirmation from the Internal Revenue Service that any such
457(b) plan is consistent with the requirements of Section 457(b).
Retirement System (Board) shall take whatever action is reasonable
and necessary to have the defined contribution system authorized by
this act to be recognized as a tax-qualified plan as that term is
defined by Section 401 et seq. of Title 26 of the United States
Code, or any other applicable provisions of federal law. The Board
is also authorized to establish a plan or use an existing plan
established under Section 457(b) of Title 26 of the United States
Code, if it is necessary to carry out the intent of this act. The
Board shall take whatever action is reasonable and necessary to
obtain confirmation from the Internal Revenue Service that any such
457(b) plan is consistent with the requirements of Section 457(b).
Status: in_force · Read it on the official government site
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