Okla. Stat. tit. 74, § 74-935.7
This is the official text of Okla. Stat. tit. 74, § 74-935.7, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Employee vesting – Investment options
Official statutory text
A. Participating employees shall at all times be vested at one
hundred percent (100%) of their accounts containing solely their
employee contributions, and the gains or losses on these
contributions. Participating employees will have investment
discretion over these accounts within the available options offered
by the Board.
B. Participating employees shall be vested with respect to the
employer matching amounts, and the gains or losses on these funds,
deposited into their defined contribution system account or accounts
according to the following schedule based on years of participating
service:
Year 1 20%
Year 2 40%
Year 3 60%
Year 4 80%
Year 5 and thereafter 100%
C. Participating employees will have investment discretion over
all employer contributions.
D. For purposes of determining a participating employee's right
to withdraw employer matching contributions and any investment gains
upon such employer contribution matching amounts, the vesting
percentages apply at the end of each full year of service as
described in subsection B of this section.
E. For participating employees who do not select any investment
options, the OPERS Board will establish default investment options
for the contributions received from participating employees and
default investment options for matching employer contributions.
F. To the extent that participants leave employment and have
not vested in all of the employer contributions, the nonvested
employer contributions, including any gains or losses, shall be
immediately forfeited to the 401(a) plan and may be used to offset
costs of administering the plan or as permitted by federal law.
Upon reemployment with an employer and satisfying the eligibility
requirements to become a participant, the reemployed participant
shall receive credit for previous service and be vested at the same
percentage the participant was vested when service was previously
terminated. However, under no circumstances shall the participant
be entitled to any previously forfeited employer contributions.
hundred percent (100%) of their accounts containing solely their
employee contributions, and the gains or losses on these
contributions. Participating employees will have investment
discretion over these accounts within the available options offered
by the Board.
B. Participating employees shall be vested with respect to the
employer matching amounts, and the gains or losses on these funds,
deposited into their defined contribution system account or accounts
according to the following schedule based on years of participating
service:
Year 1 20%
Year 2 40%
Year 3 60%
Year 4 80%
Year 5 and thereafter 100%
C. Participating employees will have investment discretion over
all employer contributions.
D. For purposes of determining a participating employee's right
to withdraw employer matching contributions and any investment gains
upon such employer contribution matching amounts, the vesting
percentages apply at the end of each full year of service as
described in subsection B of this section.
E. For participating employees who do not select any investment
options, the OPERS Board will establish default investment options
for the contributions received from participating employees and
default investment options for matching employer contributions.
F. To the extent that participants leave employment and have
not vested in all of the employer contributions, the nonvested
employer contributions, including any gains or losses, shall be
immediately forfeited to the 401(a) plan and may be used to offset
costs of administering the plan or as permitted by federal law.
Upon reemployment with an employer and satisfying the eligibility
requirements to become a participant, the reemployed participant
shall receive credit for previous service and be vested at the same
percentage the participant was vested when service was previously
terminated. However, under no circumstances shall the participant
be entitled to any previously forfeited employer contributions.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
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.