Okla. Stat. tit. 74, § 74-935.9
This is the official text of Okla. Stat. tit. 74, § 74-935.9, 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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Investment options – Service providers
Official statutory text
The Board of Trustees shall contract with one or more business
entities in order to create a range of choices regarding investment
of funds deposited into defined contribution system accounts. The
investment options shall be substantially similar to the options
provided to members of the Oklahoma Public Employees Retirement
System that maintain a Deferred Savings Incentive Plan account as
offered by the System pursuant to the provisions of the Deferred
Savings Incentive Plan. In selecting investment options for
participants in the plan, the Board shall give due consideration to
offering investment options provided by business entities that
provide guaranteed lifetime income in retirement such as annuities,
guaranteed investment contracts, or similar products. The Board may
amend any of its existing contracts with its current service
providers to perform substantially the same type of service the
Oklahoma Statutes - Title 74. State Government Page 721
provider is currently performing for the Board, in order to
facilitate the timely introduction of the new defined contribution
system created by this act. Thereafter, the contracting process for
the selection of service providers carrying out duties related to
the administration of the plan shall be the same as the selection
process for other providers selected by the Board under subsection D
of Section 909.1 of Title 74 of the Oklahoma Statutes.
entities in order to create a range of choices regarding investment
of funds deposited into defined contribution system accounts. The
investment options shall be substantially similar to the options
provided to members of the Oklahoma Public Employees Retirement
System that maintain a Deferred Savings Incentive Plan account as
offered by the System pursuant to the provisions of the Deferred
Savings Incentive Plan. In selecting investment options for
participants in the plan, the Board shall give due consideration to
offering investment options provided by business entities that
provide guaranteed lifetime income in retirement such as annuities,
guaranteed investment contracts, or similar products. The Board may
amend any of its existing contracts with its current service
providers to perform substantially the same type of service the
Oklahoma Statutes - Title 74. State Government Page 721
provider is currently performing for the Board, in order to
facilitate the timely introduction of the new defined contribution
system created by this act. Thereafter, the contracting process for
the selection of service providers carrying out duties related to
the administration of the plan shall be the same as the selection
process for other providers selected by the Board under subsection D
of Section 909.1 of Title 74 of the Oklahoma Statutes.
Status: in_force · Read it on the official government site
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